This topic was discussed on October 21, 2013.
The Federal government has long supported home ownership via its support of the mortgage market through FNMA and FHLMC and a variety of laws and regulations governing other mortgage lender’s activities. Some believe that the benefits of this government support are outweighed by the disruptive side effects of the same intervention.
- Should the US government be in the home mortgage business, directly or indirectly?
- Is home ownership so much more valuable to society (vs. home rental or other housing alternatives) that it merits such support?
As a registered Beyond Labels participant, consider the following resources:
Obama to Insist Market Provides 30-year Mortgages (WaPo 8-5-2013)