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Housing Summit May Yield Fannie and Freddie Clues - Strategic Real Estate Coach

Housing Summit May Yield Fannie and Freddie Clues

This is something to keep you eyes on... ~ josh

An Obama administration summit of housing industry leaders next week may yield clues on the future of Fannie Mae and Freddie Mac , the two mortgage heavyweights that so far have sucked up close to $150 billion in taxpayer bailout funds.

The administration has vowed to produce a plan by January to change the role the two government-controlled firms play in supporting the housing market. The conference on Tuesday is aimed at soliciting views from top industry officials on how to the companies should be restructured.

Read the full article here.