Obama Proposes Fannie & Freddie Reforms as Housing Market Continues to Languish

Obama Proposes Fannie & Freddie Reforms as Housing Market Continues to Languish

By Don Miller, Associate Editor, Money Morning

Three years after the housing market collapsed, efforts to clean up the financial mess created by Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: FMCC) - the government agencies that largely inflated the bubble - remain stuck in limbo as Washington policymakers bicker over the details.