Obama and The Housing Crisis!!!

The economy is down and the housing market is in a slump Obama Housing plans are hoping to change that.    The government a few years back took over The Fannie Mae Foundation as well as Freddie Mac.  With houses in foreclosure something needed to be done.  Washington has run the show for over 2 years now and Obama and his administration will decide this week what steps need to be taken to phase out.   Washington was responsible for 9 out of 10 home loan in 2010. This means banks have been sitting on all that bailout money because they are unsure if they should loan it out.  

I think this article is worth the read. If Obama and the administration decide to pull out home loan prices will be on the rise. If your on the look out for a new home keep an eye out for his decision!