Housing Finance Reform
Posted by ERA Landmark Real Estate on
I was fortunate enough to attend a recent gathering in Washington, which brought over 400 people together with the common goal of finding a new way to ensure that the federal government can continue to back 30-year fixed rate conventional home loans. The National Association of Realtors® (NAR) Housing Finance Reform Policy Forum gave REALTORS® the opportunity to work alongside lawmakers and federal administrators as they strategize how to keep mortgages affordable and reliable for consumers. Fannie Mae and Freddie Mac have changed greatly since the housing financial crisis in 2005, and the secondary mortgage market needs to change accordingly. To quote directly from the NAR website, the vision includes:
- Leveraging reforms and innovations…
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