WASHINGTON — From the mortgage market to the campaign coffers of lawmakers, the government's decision to place Fannie Mae and Freddie Mac in conservatorship will change what constitutes business as usual.
What the new business as usual will look like won't be sorted out for a long time.
Industry experts say credit unions–which have done more loan business in the last six months than the same period last year–will have more competition. The additional capital being pumped into Fannie and Freddie will enable them to buy more mortgages, which will in turn provide more capital for financial institutions.
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