This is interesting, a bill that would allow a homeowner to tap into their retirement funds without the normal 10% penalty to cover their mortgage payments. Interesting how it is only for Fannie Mae and Freddie Mac mortgages…
We will have to see if this bill becomes law.
- To fix the economy, first fix the housing market (finance.fortune.cnn.com)
- FHFA Reports Fannie Mae and Freddie Mac Guarantee Fees Increased in 2009-2010 (bespacific.com)