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The future of housing – Less government, more private capital

Posted on 23 April 2013

Our nation’s housing finance system is broken. Yes, it looks as if the housing market is slowly beginning to recover from the recession. And, yes, Fannie Mae and Freddie Mac turned a sizable profit last year. But these positive developments cannot mask the fact that far too many Americans still cannot buy or refinance a house.
The solution is not to be lulled into a false sense of complacency, but rather to refashion the system to preserve access to long-term credit for working families.Today, the federal government is effectively the sole credit allocator for housing finance, backing about 90% of new single-family loans…………………………………………Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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