Tags: US | Mortgage | Market | Future

Obama Seeking Input on Home Loan Future

Wednesday, 14 Apr 2010 09:26 AM

The Obama administration wants the public to submit its ideas for how to remake the institutions that provide money for home loans.

The Treasury Department on Wednesday published a list of seven questions designed to get input from banking and securities industry groups, academic experts and consumer organizations. One of the key questions is how big the federal government's role will be in supporting the mortgage system.

The administration has not drafted any formal proposals to reform the housing finance system. Mortgage finance companies Fannie Mae and Freddie Mac nearly collapsed in September 2008. Propping them up has cost taxpayers about $126 billion so far.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Economy
The Obama administration wants the public to submit its ideas for how to remake the institutions that provide money for home loans.The Treasury Department on Wednesday published a list of seven questions designed to get input from banking and securities industry groups,...
US,Mortgage,Market,Future
105
2010-26-14
Wednesday, 14 Apr 2010 09:26 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved