Are Fannie and Freddie saying do as I say not as I do? It seems a little unfair that our government is asking banks and investors to forgive homeowner debt while the departments under their control do otherwise. While both departments have sought to assist and mend a broken housing market you would think that they would comply with the wishes of the Obama administration and act as other banks have done. Now they may have their reasons due to the fact that their largest investor is the American taxpayer and they are using its money. But a lot of work still needs to be done in order to stimulate a volatile housing market and only partially complying only prolongs the process. What say you POPULACE!
Remember: BE IN THE KNOW!
Carl O
http://money.cnn.com/2010/05/14/news/economy/fannie_freddie_principal_reduction/index.htm
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment