Bill Gross, who manages the world’s largest bond fund, said on Wednesday that he would not buy bonds backed by mortgages unless the US government continued to guarantee the debt. His comments, in an interview with the Financial Times, will raise the stakes ahead of next Tuesday’s housing finance conference at the Treasury department, which will lay the groundwork for reform of Fannie Mae and Freddie Mac, the large government-owned mortgage finance companies.
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RE/MAX released its National Housing Report for December 2019, which revealed that the month posted a record finish to a year and the decade.