Finally, A Sensible Solution to Ensure Affordable Mortgage Rates

Finally, A Sensible Solution to Ensure Affordable Mortgage Rates

Many pundits and policymakers insouciantly throw around the idea that Congress ought to get rid of Fannie Mae and Freddie Mac. Sure, Fannie and Freddie have their fair share of warts — they became insolvent after buying bundles of loans, including exotic, high-risk, and undocumented mortgages that helped stimulate the housing crisis. But getting rid of them could have a devastating impact on housing prices and home ownership in the country. Read