Post by Maxf1ex on Mar 6, 2011 11:36:25 GMT -8
finance.yahoo.com/loans/article/112270/without-loan-giants-30-year-mortgage-may-fade?mod=loans-home
Just an FYI about the truth of another failed plan.
The reasons by now are well understood. Fannie and Freddie, created to increase the availability of mortgage loans, misused the government's support to enrich shareholders and executives by backing millions of shoddy loans. Taxpayers so far have spent more than $135 billion on the cleanup.
Just another government waste.
And yet ... I seem to recall before the government put its 2 cents worth into it. The home loans were already doing 30 years loans ... now some are worried that will go away due to government interference.
Just an FYI about the truth of another failed plan.
The reasons by now are well understood. Fannie and Freddie, created to increase the availability of mortgage loans, misused the government's support to enrich shareholders and executives by backing millions of shoddy loans. Taxpayers so far have spent more than $135 billion on the cleanup.
Just another government waste.
And yet ... I seem to recall before the government put its 2 cents worth into it. The home loans were already doing 30 years loans ... now some are worried that will go away due to government interference.