An influential real-estate trade group is calling for the government to convert Fannie Mae and Freddie Mac into federally owned nonprofit corporations that would largely leave the mortgage-finance giants intact.No surprise here that the National Association of Realtors isn't for the free market in real estate.
The proposal from the National Association of Realtors is likely to meet stiff political resistance because the companies have required a $111 billion bailout, and lawmakers are under pressure to demand sweeping changes
Tuesday, February 23, 2010
Proposal Calls for Fannie, Freddie to Be U.S.-Owned Nonprofits
The Wall Street Journal reports:
