Obama to back mortgage finance reform to speed housing recovery
The tough question that remains, though, is how far to go. Fannie and Freddie have bought or guaranteed nearly half of the home loans outstanding in the United States. Those purchases and guarantees enable banks to sell the mortgages on their books to investors, freeing up the capital needed to make more loans. In ordinary times, their actions helped reduce the interest rate on home loans. And in downturns, their support helped keep mortgages available for new borrowers.
Car finance experts Car Loan 4U comments on the Jaguar XFR-S
The XFR-S is powered by a 543bhp 5.0-litre V8 supercharged engine and comes with an eight-speed automatic gearbox and rear-wheel drive. When it comes to hitting the road, the XFR-S can go from 0 to 62mph in 4.4 seconds and has a top speed of 186mph. Car Loan 4U Director Ryan Dignan, comments: Theres tough competition out there when you look at the likes of the BMW M5 and the Mercedes-Benz E63 AMG, and the XFR-S would appear to be Jaguars answer. Its certainly a powerful saloon, which is both fast and stylish, and comes complete with features such as adjustable sports seats and a bespoke front bumper. You also get a host of equipment including 20-inch alloy wheels, carbon-fibre rear diffuser and 17-speaker stereo. Motorists looking to get their hands on a new or used Jaguar might want to consider their car finance solutions and as leading car finance providers, Car Loan 4U can help provide expert advice.
The president generally agrees with the bipartisan Senate proposal that would replace Fannie and Freddie with a system that would allow private firms to securitize mortgages, a senior administration official told reporters in a conference call. A government reinsurer of mortgage securities could backstop private capital in a crisis, the official said. Obama would want the Senate measure to go farther in helping first-time home buyers and in making sure affordable rental housing is available, the official added. The Senate bill, though, remains at odds with the bill advancing in the Republican-controlled House of Representatives that would liquidate Fannie Mae and Freddie Mac over five years and limit government loan guarantees.