Whats going to happen to Fannie and Freddie?

An interesting article about two new bills being sponsored to deal with the messes at FannieMae and FreddieMac.

While neither is likely to pass, they both show continued Federal involvement in the housing market.
One Bill rolls Fannie and Freddie into one new bigger government organisation. 
The other would encourage the establishment of private organisations to accomplish the same tasks.

Both would operate backed by the Federal government and supported by additional fees passed on to buyers.
Barry Bevis, Broker/Realtor

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