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Loan Modification

: Loan Modification & Home Loan News

Obama to Propose Ending Fannie and Freddie

By Moe Bedard

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(Source: United Press International) – The Obama administration will propose Friday phasing out U.S. housing-finance giants Fannie Mae and Freddie Mac 2 1/2 years after rescuing them, officials said.The proposal will be part of a U.S. Treasury Department “white paper” to Congress that lays out three ways of cutting government support of the $10.6 trillion [...]

Full post as published by Loan Modification & Home Loan News on February 11, 2011 (boomark / email).

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