Uncle Sam, Freddie Mac & Fannie Mae: Three’s Company or Three’s a Crowd?

As of this past Sunday, the US Government, in the nation’s largest financial bailout, has decided to take control of Freddie Mac & Fannie Mae, which collectively control more than half of the nation’s $12 trillion in outstanding home mortgages.   This news has already made it more affordable to borrow money to buy homes.  According to Bankrate.com the 30-year fixed rate dropped by .18% on Monday after the announcement.  But this decision does not make it easier for homebuyers to obtain a loan, which still may be the biggest issue of all.

 
What are your thoughts?  Do you think this was the best course of action?  If so, why?  If not, what would have been some more viable solutions?  Share your comments.