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Fannie and Freddie Reform Will Significantly Impact Housing Market, Says NAR
Posted: Administrator on Feb 24 | Headlines
NAR’s research found that simply increasing the loan limits for Fannie Mae and Freddie Mac to $625,000 would permit as many as 300,000 families to enter the housing market, reduce foreclosures by as many as 210,000 and allow as many as 500,000 jumbo loan borrowers to refinance to lower cost loans, saving these people $274 to $411 a month. “I can think of no other reform that could have such a quick and profound impact on the housing industry and our national economy. NAR urges the Senate to work quickly to pass full GSE reform,” said Gaylord. click here to read full article
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