As a real estate professional with decades of experience, I believe Fannie Mae and Freddie Mac play a vital role in keeping the housing market stable and accessible.
Here’s why we need to retain these crucial institutions:
Mortgage Market Stability:
Fannie Mae and Freddie Mac ensure a steady flow of capital in the housing market, enabling lenders to offer more loans to buyers. This helps to keep the housing market robust and functioning, especially during economic downturns.
Affordable Mortgage Rates:
These institutions help keep mortgage rates lower by spreading risk across investors, making homeownership more affordable for everyday Americans.
Increased Access to Homeownership:
Fannie Mae and Freddie Mac are committed to expanding access to mortgages for low- and middle-income families, helping millions achieve the American Dream of homeownership.
Support for Affordable Housing Initiatives:
Both Government-Sponsored Enterprises prioritize affordable housing, promoting programs that make homeownership more accessible, particularly for first-time homebuyers.
Risk Mitigation:
By packaging and selling mortgages as mortgage-backed securities (MBS), Fannie Mae and Freddie Mac reduce the risk that lenders and homeowners face, ensuring a safer, more secure housing finance system.
Eliminating these key institutions could lead to higher mortgage rates, reduced access to loans, and a less stable housing market. Let’s work to retain Fannie Mae and Freddie Mac and keep housing affordable and accessible for all!
Feel free to share your thoughts or questions!
