David Min / Federal backing stabilizes mortgages - Press of Atlantic City: Commentary

David Min / Federal backing stabilizes mortgages

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Posted: Thursday, March 7, 2013 12:01 am

How should we reform our broken housing finance system? To what extent should the federal government continue to provide guarantees for mortgage financing, such as the ones it provides for Fannie Mae and Freddie Mac? With Fannie and Freddie in a federal conservatorship that has already cost taxpayers more than $140 billion, it is politically popular to suggest that the answer is "not much."

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