Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-According to Barney Frank, Chairman of the House Financial Services panel, Freddie Mac and Fannie Mae, two of the biggest mortgage finance companies, should be removed from housing market reform. Frank’s comments follow the meeting held by Treasury Secretary, Timothy Geithner in Washington that invited ideas for the restructuring of the $10.7 trillion mortgage market from housing industry leaders.

Collectively, the Federal Housing Administration, Freddie Mac and Fannie Mae finance 90% of all new US home mortgages. For the full story, go to The New York Times.

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.