What Bush's Re-Election Means For Housing

Settlement cost-reform, increased regulation of Fannie Mae likely.
November 22, 2004, 6am PST | David Gest
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"What were the two biggest homebuying and mortgage issues affected by this month's elections? Chalk up a big win for settlement-cost reform -- streamlining the expensive, paper-laden and poorly understood procedures used by Americans to close a home purchase or settle a mortgage...Chalk up a big loss, however, for Fannie Mae and Freddie Mac, the two largest suppliers of mortgage money in the country. A Kerry administration was certain to handle both congressionally chartered, private mortgage investors far more gently than a second Bush administration. Now it looks like four more rough years for Fannie and Freddie."

Thanks to David Gest

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Published on Sunday, November 14, 2004 in The Baltimore Sun
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