REALTOR® Magazine – Decision on Fannie and Freddie May Come Soon

Decision on Fannie and Freddie May Come Soon

Government and banking experts meet next week to decide the future of Fannie Mae and Freddie Mac.

The likeliest solution is a complex one. The Mortgage Bankers Association is proposing a system where risk-based fees on a class of mortgage-backed securities would be charged in exchange for a government guarantee against losses.

Whatever the outcome, it is unlikely that Fannie and Freddie will be able to pay back the nearly $150 billion in taxpayer bailout money that they have received since 2007.


Source: Reuters News (08/12/2010)

 

 

 

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