Losing Fannie Mae And Freddie Mac Could Kill The 30 Year Mortgage
Thirty year mortgages could be a thing of the past, as multiple bills would dismantle the guarantees that make them possible. Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), the controversial home loan guarantors would be phased out and replaced with private options, or not replaced at all.
Obama to wind down Fannie Mae and Freddie Mac
President . . .
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