Monday, February 07, 2011

How To Reform Fannie And Freddie Now Without Raising Mortgage Costs

How To Reform Fannie And Freddie Now Without Raising Mortgage Costs
"But there is an alternative approach that wouldn’t raise monthly mortgage costs — it might even lower them — yet it would induce the private sector to take on mortgage market risk while minimizing taxpayer credit risk.
On top of that, it would preserve the ability of the government to run a countercyclical housing policy to combat downturns and it would go a long way toward rationalizing the foreclosure process."

This is very interesting.
Take a moment to read and understand it.
And send it to your rep. and senator if you agree.
I already did.

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