In a press release dated March 6, 2008 the CEO of the National Association of Home Builders stated:
“At a time when the housing market needs them more than ever, Fannie Mae and Freddie Mac have failed to adequately respond to the mortgage crisis,” Jerry Howard, executive vice president and CEO of NAHB, told members of the Senate Banking Committee. “Rather than aggressively pursue market solutions, they are hunkering down to shore up financial results and shareholder returns – and are even taking steps that will further burden struggling mortgage borrowers.”
Read the entire press release.
Related Florida real estate views:
Fannie Mae increase conforming loan limits
Fannie Mae CEO offers suggestions to unleash housing demand.
Buyers are choosing fixed rate mortgages
- Greg Staker - Watson Realty Corp. - 407-304-0255
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