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Just remember that if you're trading up, make sure it's a move that you can afford. Just like you figured out with your starter home that you were going to be able to afford the mortgage...
The Obama administration released 31-page outline for the future of housing finance today, and while the future is still murky, what is clear is that the impact on the mortgage industry will be felt by homebuyers and lenders.
The administration has proposed that Fannie Mae and Freddie Mac gradually disappear within the next 10 years at most, and Congress received three different options for how to achieve such an overhaul.