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Loan Modification

: Mortgage Lender Implode-o-Meter

Dallas Rep. Jeb Hensarling wants Fannie Mae, FreddieMac gone

By Implode-Explode Heavy Industries

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For years, conservatives inveighed against government-backed mortgage firms Fannie Mae and Freddie Mac. The complaints began with their dominance of the market and ended with a warning that taxpayers would bail them out one day.

Now that critics have been proven right, they're on the spot to show they know what's best for the future. Among the questions: Should Fannie and Freddie be privatized? Abolished? And how would government support the housing market without them?

Full post as published by Mortgage Lender Implode-o-Meter on September 10, 2010 (boomark / email).

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