Friday, March 4, 2011

NYT: Obama & republicans want to terminate Fannie & Freddie

It could take years for the government to wind down Fannie Mae and Freddie Mac, but I think banks may anticipate the change and raise rates and fees before it happens.  Fortunately for us on Long Island, banks consider the suburbs prime territory.  Today's article in the NYT is instructive.
Without Loan Giants, 30-Year Mortgage May Fade Away

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