Fannie Mae and Freddie Mac Get the Cold Shoulder From Lawmakers
Read Full Story
After decades of serving as the backbone of the U.S. housing market, Fannie Mae and Freddie Mac
are buckling under the weight of the protracted housing slump. As a result, the two government-controlled mortgage lenders are losing political support in Washington
at a time when they require even more economic stimulus. After receiving $160 billion from the federal government, Fannie and Freddie no longer have much-needed backing among Democratic or Republican lawmakers. The latest political angle on housing? Funnel more aid to affordable rentals.More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.