housing finance

Overhaul May Transform Mortgage Giants Fannie and Freddie

Mortgage finance giants Fannie Mae and Freddie Mac may not even exist in their current forms after a revamp of the U.S. housing finance system, Assistant Treasury Secretary Michael Barr said on Tuesday. Moreover, "private gains will no longer be subsidized by public losses," he said.

Does the Housing Industry Need a Bailout?

Michael Feder of Radar Logic thinks it does. And he adds that government, which has underwritten or guaranteed almost every new mortgage since the financial crisis began, is in a precarious position itself. But Feder offers one possible solution.