Statement by Conrad Egan, President and CEO of the National Housing Conference
Prepared in Response to Plans by Fannie Mae and Freddie Mac to Aid Subprime Borrowers
“We commend the announcement by Fannie Mae and Freddie Mac focused on aiding struggling borrowers by purchasing billions of dollars worth of newly created subprime mortgage loans. Their plans will not only help ensure that individual families do not lose their homes to foreclosure, but will also assist the currently stressed mortgage industry, resulting in homeownership continuing to remain affordable through lenders nationwide.”
