“Today, Fannie Mae (nyse: FNM - news - people ) will announce plans to expand its support of a ten-year, $2 trillion, first-time home buyer lending program called American Dream Commitment.”
It now appears that, thanks to the Fed’s ultra-low interest rate policy and the packaging of dollar assets into bonds for Asian central banks to buy with their excess of dollars, everyone who needs a residence can at least purchase one, if not afford it. Forbes magazine reports on the demise of landlords.
