Kerry says expand Fannie, Freddie housing focus

[Nambe]

WASHINGTON, Aug 30 (Reuters)

U.S. Democratic presidential candidate Sen. John Kerry said he would expand the low-income housing focus of mortgage finance companies Fannie Mae and Freddie Mac, but would preserve their government-sponsored status.

"The United States has the deepest, most liquid mortgage markets in the world. Despite a number of crises in international capital markets over the past several years, there has never been a lack of mortgage credit, thanks in large part because of the role played by the government-sponsored enterprises," the Massachusetts Democrat said in response to questions published on Monday on the the National Association of Home Builders' Web site: http://www.nbnnews.com/NBN/issues/2004-08-30/lead.html

"We must also increase the focus of GSEs on affordable housing," Kerry said. ..

Kerry, in his first direct public comments about the enterprises, said he would work with Congress and "top experts" to supervise the companies more closely. But he also said the companies' charters should be preserved because of the roles they play in supporting housing markets.

[Doctor Smith]

1. So, Kerry would continue to inflate the housing bubble.

I see a government bailout coming.

[ozone_man]

2. 1st or 2nd year into Kerry term.

A bailout that is. Another derivatve implosion.