He has sponsored legislation calling for the phase out of Fannie Mae and Freddie Mac within 10 years to re-establish private risk taking as the primary driver of the mortgage market. … The Obama administration, which Isakson credits with adopting his proposal to allow homeowners current on their mortgages to refinance at lower rates regardless of appraisal, wants to require lenders to retain 5% of the risk on … That is the best macro long term check on property. …
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Isakson On New Mortgage Requirements — Peach Pundit
