Obama: Feds Will Continue to Play Role in Mortgage Market
✉️ Want to forward this article? Click here.

President Obama has decided that the federal government must continue to insure mortgages for most borrowers, sources have told The Washington Post.
From an article posted on the newspaper’s website late Monday night:
The decision follows the advice of his senior economic and housing advisers, who all favor maintaining the government’s role as an insurer of mortgages for most borrowers. The approach could even preserve Fannie Mae and Freddie Mac, the mortgage finance giants owned by the government, although under different names and with new significant constraints, said people knowledgeable about the discussions.
Recall that in February, the administration released a report that offered three proposals for how to reduce government support of the mortgage market. Of the three options, The Post is reporting that the president favors the one where the federal government maintains a large role, but “introduces several changes to reduce the chances that another taxpayer bailout would be needed.”
While the article indicated that the president has made a decision, an official statement runs counter to that, noting all three options outlined in the paper are still under consideration.
For the full article, click here.
See other articles related to: fannie mae, freddie mac, mortgages, obama, the washington post
This article originally published at https://dc.urbanturf.com/articles/blog/obama_feds_will_continue_to_play_role_in_mortgage_market/3989.
Most Popular... This Week • Last 30 Days • Ever

When you buy a home in the District, you will have to pay property taxes along with y... read »

In this article, UrbanTurf explores what renters insurance is and what it covers.... read »

Even as the housing market has slowed this year in the DC region, there are still ple... read »

1834 16th Street NW was originally designed by one of the most influential architects... read »

Slowing home prices and a high supply of listings on the market are giving buyers mor... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro