Congress Stimulates Fannie's Sprawl
Posted on February 11th, 2008 by Leslie Paige
The just-passed stimulus package contains a provision which would allow mortgage giants Fannie Mae and Freddie Mac to start purchasing home mortgages in the jumbo market. They have been, up to now, legally barred from playing in that real estate, which is well-served by the private sector companies. Under the guise of easing the credit crunch to those poor, [...]
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