Tuesday, July 6, 2010
The idea of disbanding Fannie and Freddie raises questions
U.S. government officials and housing experts are discussing the idea of eliminating or overhauling Fannie Mae and Freddie Mac. Either move would cause significant change for the banking system, and they also prompt the question of who will step in to buy mortgage-backed securities if Fannie and Freddie are not guaranteeing the mortgage payments. CNBC
Labels:
fannie mae,
freddie mac,
mortgages
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