Obama Wants to Fix Fannie Mae, Freddie Mac

Mani

Published onJuly 25, 2013

Updated on May 13, 2021

President Barack Obama indicated he would work both parties to turn the page on Fannie Mae - Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac - Federal Home Loan Mortgage Corp (OTCBB:FMCC) and build a new housing finance system.

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Obama was speaking to students at Knox College in Galesburg, Illinois, when he announced he would personally work to cut red tape for responsible families to get a mortgage, though banks might not show interest in the proposal.

Barack Obama: Bubble-less home ownership

President Obama indicated his government is committed to encouraging home ownership...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Obama Wants to Fix Fannie Mae, Freddie Mac

Barack Obama: Bubble-less home ownership

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