Mortgage News Blog publishes home loan articles for brokers, lenders and consumers. People trust our mortgage blog for breaking the financing stories that matter.
In a recent Mortgage Rates Pulse article, they re-stated the obvious — The mortgage industry continues to struggle. Even with
30-year fixed rate mortgage programs below 5%, we can’t fix the mortgage debacle simply by inducing another
refinance boom. Most mortgage executives would concur that regulatory reform for mortgage financing is a “done deal” with this democratic controlled Congress and Senate. Yes we all agree there needs to be some checks and balances installed to prevent future home finance melt-downs, but the Obama Admin is out of control with their shallow and short-sided mortgage relief efforts. Most of the government initiatives look good on paper, but lack the inner back-bone to succeed. Read the entire Mortgage Rates Pulse article >
Suggestions for Fannie Mac Mortgage Reform.
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