An Epiphany

At the GAC, Fed Chairman Greenspan said that fixed-rate mortgages may not be serving Americans as well as variable rate ones and that lenders consider writing more portfolio loans. Two credit unions have already been doing this, breaking away from Fannie Mae and Freddie Mac rigidity and saving money for their borrowers. Other credit unions can follow suit.

 
 
 

 

 

March 1, 2004


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