U.S. President Barack Obama. PHOTO/File
U.S. President Barack Obama is proposing to overhaul the nation's mortgage finance system, including shutting down government-backed Fannie Mae and Freddie Mac, a plan with bipartisan support on Capitol Hill.
Obama will also insist that popular 30-year mortgages be widely available to borrowers, even in a system that would rely more on the private sector than the government to guarantee loans.
Obama will outline his proposals Tuesday at a
No comments:
Post a Comment