The debate in Congress is focused on how to safely and soundly remove unprecedented levels of government support from the mortgage market in order to bring in more private money. In 2010, the government backed 94% of all mortgages! There appears to be fairly broad support for reducing the role of Fannie Mae, Freddie Mac and the FHA through lower loan limits, higher fees and the auctioning of their portfolios; however, finding consensus on what should replace the current system is proving elusive.
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- Our 150th Post: Ohio Supreme Court Holds Appeal of Planning Commission Order by Service of Summons by Clerk of the Courts on Administrative Agency Along with Notice of Appeal within Statutory Timeframe is Sufficient
- Federal Reserve chief has one recipe for housing market
- Distressed Property Sales Drop, Despite Push to Sell
- American home equity cut by one-third
- More lawmakers join major push to reduce QRM down payment