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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.