Freddie Mac And Fannie Mae Approaching Retirement
At 85 years old, Fannie Mae could be approaching retirement. Both parties are discussing ways to get rid of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) with the goal of getting the federal government out of the mortgage business, but Americans may not realize the practical impact of such a decision, says Lisa Prevost the New York Times.
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