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Loan Modification

: Mortgage Lender Implode-o-Meter

NAR to Congress: Turn Fannie and Freddie into Non-Profits

By Implode-Explode Heavy Industries

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"NAR proposed that the current private profit and public loss structure be removed while regulators and Congress consider restructuring plans for the GSEs. NAR added that Fannie and Freddie are ?best positioned? to become government authorities, and they should provide a flow of capital into the secondary market regardless of the volatility of the mortgage markets. "

Full post as published by Mortgage Lender Implode-o-Meter on February 24, 2010 (boomark / email).

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