Congress changed the rules

Implications: Freddie Mac (GSE - Government-Sponsored Enterprises) wastes no time and begins to finance $10 billion to $15 billion in jumbo mortgages from big lenders. This follows the actions of other GSE's to add liquidity into the real estate market. I sincerely believe that this effort will help to flatten out the sagging real estate market and brace the industry with a solid floor to grow from. Please, congress... keep up the good work and continue to CHANGE the mortgage lending industry. Times and technology have CHANGED in such ways to help prevent another mortgage lending liquidity crisis in the future. Surely, many current homeowners which owe mortgages on their homes, are currently feeling the bite of rate cap creep and overall monthly mortgage payment increases. And many unhappy borrowers which cannot continue making the payments, will look to congress to CHANGE the lending industry rules to help them 'work out' solutions with their lenders, WITHOUT BURNING THE INVESTOR.

Analysis: More must be done. Since housing is in the sites of congress, and the people of the United States (borrowers, lenders and investors alike) are looking for leadership and rescue from miserable real estate conditions,  NO MATTER WHO OR WHAT IS TO BLAME, congress has a great opportunity to join forces with the experts and CHANGE the industry to thrive for all parties going forward.