Industry Weighs in on Administration’s Housing Finance Proposal

A central piece of the government’s overhaul plan involves phasing out the nation’s two largest mortgage companies over the next several years to build up the private sector’s role in housing finance. The agency charged with overseeing Fannie Mae and Freddie Mac acknowledges that the two firms can’t continue in their current form.

In a statement issued following the release of the administration’s proposal, Edward DeMarco, acting director of the Federal Housing Finance Agency (FHFA) said, “The conservatorships of Fannie Mae and Freddie Mac…were put in place to provide near-term stability to the mortgage market and to give policymakers an opportunity to evaluate the role of the government….

For full article: Industry Weighs In…DSNews

About sikoralaw

Sikora Law has operations in Michigan and Ohio. With a network of attorney relationships in multiple states, we combine the friendly familiarity of a small firm with the institutional knowledge and capabilities generally only found at a large firm. Sikora Law has the resources to deal with your situation with the right lawyer – or the right team of lawyers – and provide reliable, comprehensive, and responsive legal representation . We combine experience, creativity, and technology to efficiently and effectively protect our clients' interests and meet their goals.
This entry was posted in Mortgage Industry and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s