Government Considers Next Moves for Fannie and Freddie

Tuesday, August 17, 2010

A person takes notes on the pamphlet listing the homes that are being auctioned off by Fannie Mae during the foreclosed home auction at the Miami Beach Convention Center on August 14, 2010. (Joe Raedle/Getty)

Treasury Secretary Tim Geithner convenes a meeting of mortgage analysts and economists today to discuss the future of mortgage financing. There will be a lot of nitty-gritty details, including the amount of debt the federal government should back and the proper role of securitization. However, there’s a bigger question that gets at the heart of American culture:  Is home ownership still a social good in and of itself? And how much should the government put on the line to encourage it?

We discuss the implications of the government's next moves, and we want your input: Should the government encourage people to buy their homes? Is property ownership a social good in America today? 

Louise Story joins us to break down what’s on the table today. She’s the Wall Street and finance reporter for The New York Times. Also with us is Christopher Mayer, a senior vice dean and professor of real estate at Columbia Business School.

 

Guests:

Christopher Mayer

Contributors:

Louise Story

Comments [1]

Jason from OKC

At this point saving Fred and Fan are just the tip of the problem. The average person is better off walking away from their home. There is no loan modifications for paying customers. One cannot take advantage of lower rates and call the banks is a joke. I was on the phone for over 1.5 hours and they do nothing.

Aug. 17 2010 10:32 AM

Leave a Comment

Email addresses are required but never displayed.