Federal National Mortgage Association

Politics
10:09 am
Fri May 13, 2011

Is it time to get rid of Fannie Mae? Congressman Gary Peters thinks so.

Rep. Gary Peters, (D) Michigan
Steve Carmody Michigan Radio

Michigan Congressman Gary Peters is proposing doing away with the federal home mortgage financing system.   Fannie Mae and Freddie Mac became the backbone of the nation’s mortgage system in the past decade.  Fannie and Freddie played a critical role in the housing market collapse.  

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