Government, Fannie Mae Considering Help for Housing Investors

[Ted Harris]

From CNBC article today ....

"Multiple sources now tell me that the Administration, specifically over at the Department of Housing and Urban Development, is considering ways to get more investors into the housing market, possibly with the help of Fannie and Freddie. HUD would not confirm that, but Fannie Mae's chief economist Doug Duncan said it is definitely on the table both at HUD and at Fannie."

This is sure a nice change ... rather than villify the investor realize they can actually help right the housing market! :idea:

http://www.cnbc.com/id/40590863

[Loc R.]

Oh boy. I can already smell the stupidity & bureaucracy.

Hey, government, how about repealing the Seller Financing portion of the SAFE Act to start? That's a $1B industry you've already screwed up.