“It’s so surprising, I couldn’t believe it was true when I first heard it. I had to double check.” That was the reaction from Wake Forest University economics professor James R. Otteson to details of the mortgage forbearance proposal in the $2 trillion coronavirus rescue package. Specifically, the CARES Act...
Treasury Unveils Plans to Privatize Fannie Mae, Freddie Mac
WASHINGTON — The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The administration's...