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by CareyBot

The housing market will continue unscathed despite the departure of the chief executive officer and chief financial officer of Fannie Mae, the country's largest mortgage finance company, industry figures opined. "Personally, I don't think any one person could have that much influence. I agree with David Lereah (senior vice president of the National Association of Realtors), who says we are still in a housing boom for the next five years nationally," said Michael Godfrey, president of the Bay East Association of Realtors in Pleasanton, Calif. "I don't think Raines' resignation will affect the big picture too much." Godfrey was not alone in his views. "It's going to have a minimal effect. The main point is there's a vibrant mortgage market outside of Fannie Mae and we expect that to continu...