With a open check book Fannie and Freddie Mae are now doing all they can to help people stay in their homes and bring stability back to the housing market. Both of these companies pledge to do what they can to help ease foreclosures.
At the end of the story they get in to mortgage interest rates and the thought that they might lower them. I hope this is the case because, it would help solve a lot of issues with the housing market. If every person had a chance to due a rate/term mortgage to 3%, they would have more income to spend on things, thus helping our economy.
I’m not in favor of helping out the people who are overextended and not helping out the people that keep their checkbooks in check. If we help one type person, we should help the other group of people.
Keep in touch with this news, because something will happen with in the next year!!
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