Marketplace Logo Donate

Daily business news and economic stories from Marketplace

There’s yet another proposal to get the government out of the mortgage-guarantee business

Mortgage finance company Freddie Mac says rates on 30-year fixed mortgages fell below 3% this week. For some people, that's a chance to refinance. Win McNamee/Getty Images

Subscribe to our Newsletters

One of the last big unresolved issues from the financial crisis is what to do about Fannie Mae and Freddie Mac. Together with government-owned Ginnie Mae, they own or guarantee more than half the home loans in the country. Fannie and Freddie have been under conservatorship — bascially government protection and control — since 2008, when they nearly went belly up after the housing crisis. Lawmakers have proposed several solutions, but none have taken hold. 

Click the audio player above to hear the full story.

What's Next

Latest Episodes From Our Shows

Listen
7:36 AM PDT
7:26
Listen
2:29 AM PDT
6:08
Listen
1:36 PM PDT
1:50
Listen
Aug 15, 2022
19:12
Listen
Aug 15, 2022
28:07
Listen
Jul 7, 2022
30:13
Listen
Aug 9, 2022
24:46
Exit mobile version