Mortgage rates plunge in Freddie Mac weekly survey

MBA's Courson responds to Treasury/FHFA actions on GSEsMortgagePress.comMBA Courson, MBA, Treasury Secretary Paulson John A. Courson, Chief Operating Officer of the Mortgage Bankers Association has issued the following statement in response to Treasury Secretary Paulson and FHFA Chairman Lockhart's announcement of steps to stabilize Fannie Mae and Freddie Mac. "I applaud Secretary Paulson and Chairman Lockhart for taking crucial steps to ensure that Fannie Mae and Freddie Mac can continue to play their critical role of providing liquidity to the housing finance system, thus providing Americans the opportunity for homeownership and affordable rental housing. "The unprecedented steps announced today will provide confidence that the housing finance system will continue to operate without major disruption, and offer an opportunity for a recovery of the housing market while allowing for a full and frank debate over the future of the GSEs. "We look forward to working with Congress, administrations present and future, and the regulators to ensure a strong secondary mortgage market that provides a stable supply of affordable mortgage credit." For more information, visit www.mortgagebankers.org.