The overhaul proposal for Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) could translate into higher mortgage rates for homeowners with weaker credit or smaller down payments, according to a study done for an industry group. The study by Kent Colton and Michael Carliner of the Harvard Joint Center for Housing Studies was produced for the Leading Builders of America, a trade group representing large U.S. homebuilders. Johnson-Crapo bill to reform Fannie Mae, Freddie Mac Last month, US Senators Tim Johnson (D., S.D.) and Mike Crapo (R., Idaho) made a…
Fannie Mae, Freddie Mac Overhaul Could Lead To Mortgage Rate Hike
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