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The Mortgage Professor: Housing overhaul should aim to foster secondary market

Last week, I discussed a major weakness of the draft proposal recently released by the Senate Banking Committee to replace Fannie Mae and Freddie Mac with a Federal Mortgage Insurance Corp. wholly owned by the government. The proposal is critically dependent on attracting private capital from "guarantors" who would operate as a buffer against loss to the government. This is an untested idea that might well prove unworkable. In this column, I'll consider an alternative and tested model that would meet the objective of buffering the government's risk exposure, and which is much more likely to evolve into a robust private secondary market. A need for a private secondary market arises from ...

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Living Smart: Moving

If there's a move in your future and you want to hire help with all or part of it, here are suggestions to unpack and stow away, offered by highly rated movers and satisfied customers: ...

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