Catch up on stories from the past week (and beyond) at the Slashdot story archive

 



Forgot your password?
typodupeerror
Note: You can take 10% off all Slashdot Deals with coupon code "slashdot10off." ×

Submission + - SPAM: OBAMA TO BACK MORTGAGE FINANCE REFORM TO SPEED HOUSING RECOVERY

anthonycarlson writes: Obama will propose eliminating mortgage finance entities Fannie Mae and Freddie Mac over time, replacing them with a system in which the private market buys home loans from lenders and repackages them as securities for investors, senior administration officials said. The mortgage securitization process is deemed essential to the smooth flow of capital to housing markets and the availability of credit.
Link to Original Source

"Ignorance is the soil in which belief in miracles grows." -- Robert G. Ingersoll

Working...