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Thursday, September 23, 2010

GOP Hopes to End Support for Fannie and Freddie

Daily Real Estate News, September 23, 2010

 The House Republicans said Wednesday that they hope to include on the party’s policy platform a plank that will end government support for mortgage guarantee agencies Fannie Mae and Freddie Mac.

The Republicans also would end the Troubled Asset Relief Program, the program created at the peak of the crisis to deal with the financial meltdown.

Unless the Republicans succeed in retaking the House, they're unlikely to achieve success in these goals, observers say.

Source: the Wall Street Journal, Corey Boles (09/22/2010)

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