Freddie and Fannie – What to Do??
This is a very complex issue to be sure so I read (and forward) any interesting article about the impending decision on the future of Freddie and Fannie. This particular article has some easy to understand explanations of the problem and offers at least one possible solution.
It appears that lenders would be unwilling to make loans if they aren’t insured cheaply by the government backed entities. Okay, I can understand that. But since it appears that the major lenders seem to be thriving in the current housing market, why not charge them more this this insurance?
Definitely food for thought.
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