Fannie Mae and Freddie Mac ensure two skills: underwriting and a highly skilled hedging operation that could maneuver adeptly as interest rates changed. If this is taken away and the government backs leaves, no system of private capital is going to continue making 30-year mortgage loans, at least that is what Joe Nocera argued in a column with The New York Times.
0 minute readKilling Fannie, Freddie kills the 30-year mortgage
GSEs offer irreplaceable skills
August 13, 2013, 11:44am
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
