The Future Of The Mortgage Market

The Future Of The Mortgage Market

Debate over the future of Fannie Mae and Freddie Mac. Efforts to privatize most of the U.S. mortgage market and what it could mean for the housing recovery.

In his speech on the economy yesterday, President Barack Obama described home ownership as a cornerstone of what it means to be middle class in America. Home sales and prices are rising, and fewer Americans see their homes underwater. The key now, he said, is to encourage home ownership that isn’t based on bubbles. "We’ll work with both parties to turn the page on Fannie and Freddie, and build a housing finance system that’s rock-solid for future generations," Obama said. A panel joins Diane to discuss proposals in the House and the Senate to reform the housing finance system, whether the government should have a role and what that role should be.

Guests

Alan Zibel

reporter for The Wall Street Journal.

Mark Calabria

director of financial regulation studies at Cato Institute.

Jim Parrott

senior fellow at Urban Institute and a former senior adviser on housing policy in the White House's National Economic Council.

Julia Gordon

director of housing, finance and policy at Center for American Progress.

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