Sunday, January 23, 2011

Trouble in DC: America's Boomtown

"The looming reduction in government spending already casts a menacing cloud over the area's economy, and the dismantling of Fannie and Freddie would be a body blow."

Steven Pearlstein - D.C. area will take hit if Wall Street steals away with Fannie Mae, Freddie Mac

1 comment:

Jazzie Casas said...

"Fannie and Freddie play a central role in our housing finance system and must continue to do so in their current form as shareholde­r-owned companies. Their role in the housing market is particular­ly important as we work through the current housing correction­. The GSEs now touch 70 percent of new mortgages and represent the only functionin­g secondary mortgage market. The GSEs are central to the availabili­ty of housing finance, which will determine the pace at which we emerge from this housing correction­. ...

OFHEO has reaffirmed that both GSEs remain adequately capitalize­d. At the same time, recent developmen­ts convinced policymake­rs and the GSEs that steps are needed to respond to market concerns and increase confidence by providing assurances of access to liquidity and capital on a temporary basis if necessary.­"

home buyer