Appraisal Institute applauds Congress for passing housing bill

NAMB supports GSE aid: Fed plan would add stability to Fannie and FreddieMortgagePress.comNAMB, GSEs, Fannie Mae, Freddie Mac, Marc Savitt The National Association of Mortgage Brokers announced its support of the Federal Reserve Board's plan to open its discount window to government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. "We applaud the Federal Reserve Board for its initiative," said NAMB President Marc Savitt, CRMS, "Fannie Mae and Freddie Mac play a pivotal role in the housing industry and, with the Federal Reserve's support, will continue to play a role in stabilizing the market. Fannie Mae and Freddie Mac help many borrowers achieve the dream of homeownership, and we commend Chairman Bernanke for his leadership." For more information, visit www.namb.org.