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Housing Finance System 'unsustainable,' Fed Governor Says

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Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
Housing Finance System 'Unsustainable,' Fed Governor Says
Federal Reserve Governor Jerome Powell on July 6 said that the U.S. housing finance system is "unsustainable" and continues to put taxpayers at risk, CNBC reported. Powell cited as particularly problematic the amount of mortgages held by Fannie Mae and Freddie Mac. > FULL STORY
 
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