Last week, the government gained control of Freddie Mac and Fannie Mae. What that means for homeowners and homebuyers isn’t quite clear yet. But to start to understand what it means it makes sense to understand the history and purpose of each organization.
Recently Amy Goodman, from Democracy Now, spoke with economist and writer Max Fraad Wolff on the mortgage companies. They talk about the history as the current political views on the recent buyout. It is difficult to strike a balance between not allowing homeowners in jeopardy to be left stranded without a home or means to get a home with a desire to not force taxpayers to pay for the financial failures of the private companies. Read the article or listen to the show for more details.
Submitted by Holly LaRochelle
Recently Amy Goodman, from Democracy Now, spoke with economist and writer Max Fraad Wolff on the mortgage companies. They talk about the history as the current political views on the recent buyout. It is difficult to strike a balance between not allowing homeowners in jeopardy to be left stranded without a home or means to get a home with a desire to not force taxpayers to pay for the financial failures of the private companies. Read the article or listen to the show for more details.
Submitted by Holly LaRochelle
