Treasury to Seek Comment on Role of Gov't in Real Estate Financing

Submitted by Melissa Hoffmann on Wed, 03/24/2010 - 10:54

There's a new reason to mark April 15 your calendar this year.

On that date, the Treasury Department and the Department of Housing and Urban Development will reportedly request comment on questions related to the appropriate role of the Federal government in housing finance, according to the New York Times.

The answers are expected to help guide the agencies in working out a sustainable plan for quasi-public mortgage lenders Fannie Mae and Freddie Mac. They were taken over by the government about a year and a half ago, and according to the Times article, the cost to taxpayers is about $126 billion thus far.

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