Good for short sales. Good for the market’s roots in long term
Today the white house laid out new plans for the revamp and reform Americans housing finance market. Link to the latest WSJ article is here and for your real geeks the WHITE PAPER from the white house is attached. This white paper paints a future set of options for Fannie and Freddie to be phased into a more “backstop” role. It should solidify the market in the long term and be very good for short sales in the next 2 years. If you want to read the whole thing here is the link.