Gov Takeover Of Fannie and Freddie

What the Government Takeover of Fannie Mae and
Freddie Mac Means to the Housing Industry

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Below is a statement issued by the National Association
of REALTORS® on the Department of
Treasury takeover of mortgage giants Fannie Mae
and Freddie Mac. It is important that Minnesota
REALTORS® have information about the action
and how this step might influence the housing
marketplace. Your clients and consumers may
have questions about how this action will impact
their housing decisions. In the next few weeks,
Minnesota REALTORS® will have additional contact
with Minnesota housing consumers through
the Fall Parade of Homes event. Some may have
questions or concerns about the conservatorship
and you should have some knowledge about the
actions and where consumers can find more information.
On the MNAR website, www.mnrealtor.com, you
will find two additional pieces of information
about the conservatorship, including a broad Q
& A. There is a document from Federal Housing
Finance Agency Director James Lockhart discussing
why the Treasury Department took these
steps to shore up Fannie Mae and Freddie Mac.
The second piece is a detailed question and answer
sheet about conservatorship and what it
means to the financial giants. ....

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