The 2010 Dodd-Frank Act was sold as a reform bill that would reduce risk in financial markets, yet it barely touched the single biggest source of that risk: the government-sponsored enterprises Fannie Mae and Freddie Mac.
Real Estate - Buy a Home
The latest news and analysis of the real estate market with stories on maintaining a house along with a locator map to find pricing on the perfect place to live.
Standard & Poor's Corp., one of Wall Street's top credit agencies, said Tuesday that the fragile housing recovery cannot continue without support from Fannie Mae and Freddie Mac, the two mortgage finance giants many in Congress seem bent on eliminating.
The nation's battered housing market, one of the last sectors to join the recovery, is faltering again in the wake of rising interest rates, raising fears that it once again may drag down the rest of the economy.
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President Obama on Friday will nominate San Antonio Mayor Julian Castro to be his new secretary of housing and urban development.
Housing has emerged as the brightest spot in the economy this year, but some analysts are questioning whether the market's recovery is built to last.
While McLean receives recognition around the United States for being home to politicians, attorneys, lobbyists and broadcasters, many area residents know this Northern Virginia community for its amenities.