Thursday, October 8, 2020

WSJ: Where Trump and Biden Stand on Mortgage Finance

Figuring our what to do with Fannie Mae and Freddie Mac "remains the largest single piece of unfinished business from the 2008 financial crisis." Both are under Federal Housing Finance Agency conservatorship, recipients of about $200 billion in government bailout to prevent failure during the mortgage crisis at the time. Since then, the two agencies have sent back over $300 billion in the form of dividends to the U.S. Department of the Treasury. #housing #mortgage #housingmarket #realestate #homeownership

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