Good and Bad in Mortgage Deal

Summary


NORMAL - Would-be homeowners might be spared from higher mortgage rates and harder-to-get loans - but at a cost.

The federal government's message that housing finance companies Fannie Mae and Freddie Mac are too large to fail contains pluses and minuses, said Illinois State University professor Gary Koppenhaver.

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Extract


Good and Bad in Mortgage Deal

"The taxpayer could very well be on the hook. .. (But) having them in existence probably helps borr...

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