Wednesday, November 2, 2011

Regulator rebuts critics on housing help (Reuters)

FILE - In this Oct. 18, 2011, file photo, Republican presidential candidate Rep. Michele Bachmann, R-Minn., speaks during a Republican presidential debate in Las Vegas. Key proposals from the Republican presidential candidates might make for good campaign fodder. But independent analyses raise serious questions about those plans and their ability to cure the nation’s economic and housing woes. Bachmann, during the debate said, in an answer that mentioned 'moms' six times, said foreclosures fall most heavily on women who are 'losing their nest for their children and for their family.' She said Obama 'has failed you on this issue of housing and foreclosures. I will not fail you on this issue.' Bachmann offered no specific remedies.(AP Photo/Chris Carlson, File)Reuters - Fannie Mae's and Freddie Mac's regulator on Saturday rejected criticism he was obstructing a housing recovery by taking too narrow a view of his mission to protect the financial health of the two massive, taxpayer-supported mortgage firms.


Source: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20111030/bs_nm/us_usa_housing

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