Commercial Observer reports: Two years into their experiment, and $148.0 billion of public investment later, the Federal Housing Finance Agency and the Treasury Department sure have a mess on their hands with the conservatorship of Fannie Mae and Freddie Mac. However, the “unprecedented and protracted weakness of the national housing market has, instead, entrenched the government’s role in buttressing residential mortgage finance.” Will the GSEs (government-sponsored enterprises) be weaned off their federal funding with a shift in the composition of Congress? Or is the current situation actually more pragmatic for homeowners and the residential market? Read the entire article at the Commercial Observer’s site for all of Dr Sam Chandan’s thoughts.
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