Nov
22
Freeing Fannie Mae and Freddie Mac
ByThe election has resurrected the fiasco of how to fix Fannie Mae and Freddie Mac. Shares of the two bailed-out mortgage agencies have rocketed over the last two weeks on hopes that the Trump administration might end government oversight. Big political roadblocks remain, though.
Fannie and Freddie, which buy or guarantee home loans, needed $188 billion of taxpayer aid in the 2008 financial crisis and were placed under government conservatorship. Debates about whether to reduce their role went nowhere because they play a large role in the 30-year mortgage market…
Freeing Fannie Mae and Freddie Mac
