Fannie, Freddie ideas could change our world

Treasury Secretary Tim Geithner

Fannie Mae and Freddie Mac may seem like distant galaxies, light years from our world as we know it.

But the proposals last week by the Obama administration to phase them out could have a profound affect on all buyers and sellers as early as this year.

To be sure, a proposal is a long, long way from congressional action, and self-interested parties such as the Mortgage Bankers Association already Continue reading