Adios Fannie Mae & Freddie Mac! - Humpday Update

submitted by REI Training on 02/28/14 1

President Obama recently released his much anticipated white paper on the phasing out of Fannie Mae & Freddie Mac. While the document seemed to leave more questions than answers, it did begin a dialogue that will most likely shape the housing market in the near future. While the future of the King & Queen of the secondary mortgage market remains unclear, what is crystal clear is the need for available financing for truly qualified buyers. With nearly 95% of all loans now receiving government guarantees, many question whether private money would step in and fill the void if Fannie and Freddie we no longer there. Check out this week's episode for more news and commentary regarding these recent revelations out of Washington, and how they could greatly affect your business, and our entire economy.

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