Fannie, Freddie Takeover Could Bolster Local Housing Market

The president of the local mortgage bankers association thinks the government takeover of Fannie Mae and Freddie Mac will help the Louisville area more than some others. Mortgage Bankers Association of Louisville President Adam Hall says the takeover will be more beneficial for everyone in the short-term because it improves confidence in the country’s two… Continue reading Fannie, Freddie Takeover Could Bolster Local Housing Market

Kentucky's Bunning Opposes Fannie/Freddie Rescue Plan

As Congress works out details this week on a proposed credit plan for Fannie Mae and Freddie Mac, Kentucky’s junior senator says he’s wholly opposed to the idea. U.S. Treasury Secretary Henry Paulson has been pushing the legislation, which is expected to come to a vote this week. The proposal would allow the government to… Continue reading Kentucky's Bunning Opposes Fannie/Freddie Rescue Plan

Bunning Opposes Fannie/Freddie Rescue

U.S. Senator Jim Bunning of Kentucky says he’s opposed to the government safety net proposed for mortgage giants Fannie Mae and Freddie Mac. The Republican lawmaker says the federal government shouldn’t have to come to the rescue of shareholder-owned companies every time they get into trouble. Bunning says its a dangerous precedent that could compromise… Continue reading Bunning Opposes Fannie/Freddie Rescue