Jul 27, 2010

"Efforts to find a fix for America's $5 trillion housing problem are creeping forward.

The White House said Tuesday it will hold a conference next month to lay out the options for repairing the nation's broken-down housing-finance institutions. At the center of that mess, of course, are the cash-hemorrhaging mortgage investors Fannie  Mae (FNMA) and Freddie Mac (FMCC).

The Aug. 17 event at the Treasury Department in Washington will "bring together leading academic experts, consumer and community organizations, industry groups, market participants, and other stakeholders for an open discussion about housing finance reform," the administration said."

Click to go to the CNN website and read the entire Fortune article.