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Thursday, August 23, 2007

The chimes to raise FNM loan caps continue

From an article today on Marketwatch.

"Similarly, a private economist said Wednesday that the Fed will have to do much more to help the troubled housing market.

"My suggestion is for the Fed to partner with the Treasury to lift the cap on jumbo mortgages so that they can be bought by Freddie and Fannie Mae. This would keep the prime mortgage market liquid," said Rajeev Dhawan, director of the Economic Forecasting Center at the J. Mack Robinson College of Business at Georgia State University. End of Story "

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