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Fannie, Freddie, And The Sinking Housing Market

Will the housing market ever hit bottom? We’ll look at  still-sinking home prices in Seattle and Atlanta, and White House plans to wind down market makers Fannie Mae and Freddie Mac.

House For Sale (AP)

House For Sale (AP)

We’re still getting used to the new realities of life after the panic and crash of ’08. Above all, maybe, in housing.

For decades, it was Americans’ number one investment and dream.

Now, millions have lost their homes, and prices keep falling. Next up is the unplugging of the two giants that have helped keep mortgage loans rolling for years – and were bailed out in the crash: Fannie Mae and Freddie Mac. With them could go the 30-year mortgage and a whole lot more. Then what for housing?

We discuss the future of American housing.

- Tom Ashbrook

Guests:

Gretchen Morgenson, assistant business and financial editor at the New York Times

Barry Zigas, director of housing policy at the Consumer Federation of America

Susan Wachter, professor of Real Estate and Finance at the Wharton School of the University of Pennsylvania

David Streitfeld, financial reporter covering real estate for the New York Times

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ONPOINT
TODAY
Oct 24, 2014
Ottawa police officers, with Parliament Hill in the background, guard the area around the National War Memorial in downtown Ottawa on Thursday. (Reuters/Landov)

Gunfire in Canada’s capital. Billionaire millions hit the midterms. Huge airbag recall. Ben Bradlee is dead. Our weekly news roundtable goes behind the headlines.

Oct 24, 2014
Andrew (Miles Teller) and his often demanding conductor, Terrence (J.K. Simmons) in a scene from the new film, "Whiplash." (Courtesy Sony Pictures Classics)

The new movie “Whiplash”. The thin line between obsession and abuse on the road to greatness. In music, the arts…sports.

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SHOWS
Oct 24, 2014
Andrew (Miles Teller) and his often demanding conductor, Terrence (J.K. Simmons) in a scene from the new film, "Whiplash." (Courtesy Sony Pictures Classics)

The new movie “Whiplash”. The thin line between obsession and abuse on the road to greatness. In music, the arts…sports.

 
Oct 24, 2014
Ottawa police officers, with Parliament Hill in the background, guard the area around the National War Memorial in downtown Ottawa on Thursday. (Reuters/Landov)

Gunfire in Canada’s capital. Billionaire millions hit the midterms. Huge airbag recall. Ben Bradlee is dead. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
The Explicast, Episode Two: Why Is Election Day On A Tuesday?
Friday, Oct 24, 2014

The Explicast is back for another round. This time, we’re looking at Election Day, and why we all keep voting on a random Tuesday in early November.

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Our Week In The Web: October 24, 2014
Friday, Oct 24, 2014

On comments, comment sections, and ROY G BIV.

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Introducing The Explicast: A New Podcast From On Point Radio
Friday, Oct 17, 2014

Confused about the news? Don’t worry: so are we sometimes! Introducing a new On Point Radio podcast: The Explicast. You can find Episode One right here.

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