Obama Announces New Housing Reform

August 8, 2013

Obama Announces New Housing Reform

August 8, 2013

Yesterday, Wednesday August 7th, President Obama announced his intentions to reform the real estate housing industry.  Mr. Obama revealed his plan to ‘wind down’ Fannie Mae and Freddie Mac, two prominent government-supported mortgage agencies. Who are Fannie Mae and Freddie Mac? Fannie Mae (FNMA) and Freddie Mac (FHLMC) are prominent secondary market agencies. In the

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