Realtors Eye FHLBs, GSEs to Cut Rates, Foreclosures
January 14, 2009
Realtors have their eyes on Fannie Mae, Freddie Mac and the Federal Home Loan Banks as possible funding sources for an initiative they are pushing to reduce mortgage interest rates and curb worsening default and foreclosure rates. The National Association of Realtors has put forth a proposal based on an idea floated by the Treasury Department in which banks are encouraged to offer purchase...