Big lenders are complaining that these mortgage giants, created by the government to encourage home ownership, have overstepped their roles.
"In recent weeks, the likes of Wells Fargo & Co., American International Group Inc. and General Electric Co.'s GE Capital unit have amplified longstanding complaints about Fannie Mae and Freddie Mac. Started decades ago by the federal government to make the mortgage market run more smoothly, Fannie and Freddie buy mortgages from lenders and package loans for sale to institutional investors. But Wells Fargo, AIG and GE Capital say that, contrary to their innocuous names, Fannie and Freddie are improperly expanding beyond their original purpose and using bullying tactics to stifle criticism." Concerns are raised over Fannie Mae and Freddie Mac's use of new technologies, which have made them more efficient.
Thanks to Chris Steins
FULL STORY: Why Big Lenders Are So Afraid Of Fannie Mae and Freddie Mac
Florida Considers Legalizing ADUs
Current state law allows — but doesn’t require — cities to permit accessory dwelling units in single-family residential neighborhoods.
Manufactured Crisis: Losing the Nation’s Largest Source of Unsubsidized Affordable Housing
Manufactured housing communities have long been an affordable housing option for millions of people living in the U.S., but that affordability is disappearing rapidly. How did we get here?
Research Shows More Roads = More Driving
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EV Chargers Now Outnumber Gas Pumps by Nearly 50% in California
Fast chargers still lag behind amidst rapid growth.
Affordable Housing Renovations Halt Mid-Air Amidst DOGE Clawbacks
HUD may rescind over a billion dollars earmarked for green building upgrades.
Has Anyone at USDOT Read Donald Shoup?
USDOT employees, who are required to go back to the office, will receive free parking at the agency’s D.C. offices — flying in the face of a growing research body that calls for pricing parking at its real value.
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