In the News Fannie Mae, Freddie Mac: 30-year fixed rate mortgages a sticky wicket
“Stripping away the façade of private banks and mortgage brokers who originate the loans, the U.S. mortgage market works almost entirely because the government transfers risk to the taxpayer in order to let banks market a product that no sane financier would ever sell in the free market,” wrote Ike Brannon and Eli Lehrer for The Weekly Standard a few years ago.
