Drain The Swamp---Drown Freddie And Fannie!

Without the GSEs, the mortgage market would not look radically different than it does today. Proponents argue that the GSEs lower mortgage rates, ensure the availability of the standard 30-year fixed rate mortgage, support home ownership and lend to people with lower incomes or weaker credit profiles, all of which the private sector presumably would not do. Not true on all fronts.

 

 

https://www.usnews.com/opinion/economic-intelligence/articles/2018-02-27/eliminate-fannie-mae-and-freddie-mac

 

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