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Loan Modification

: Mortgage Lender Implode-o-Meter

Social agenda true hurdle to US housing finance reform

By Implode-Explode Heavy Industries

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"Congress has attempted to rewrite rules concerning Fannie and Freddie at least three times in the past decade. Each time, the companies' lobbyists were able to squash the effort. The issue is so divisive and dicey for politicians, especially in an election year, that congressional leaders never seriously considered attaching housing reform to the massive overhaul of Wall Street rules passed this year. "

Full post as published by Mortgage Lender Implode-o-Meter on August 18, 2010 (boomark / email).

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