Archive for September, 2008
Time To Celebrate…..almost
Filed Under categories: Buying, Finance, News You Can Use, Real Estate News, Selling
posted by Kea on September 10th, 2008
Currently there is 1 Comment. Make sure to Add Your Own!.
It’s not time to pop the champagne, but it may ease the jitters felt by millions of homeowners, lenders, realtors now that the Feds have moved forward on a necessary takeover and restructuring of the mortgage giants, Fannie Mae and Freddie Mac.
Treasury Secretary Henry Paulson has organized a well-designed plan for not only placing the companies into the hands of the government for reorganization but restored the ability of the principles of free-market competition to prevail. By limiting the power of these greedy giants with unfair advantages, it will allow competition and innovation back into the industry and ultimately, fair practices and better pricing and safe guards for the consumer.