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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
Dec 19, 2014
Alan Gross, waves as he and his wife Judy leave following his statement at his lawyer's office in Washington, Wednesday, Dec. 17, 2014. Gross was released from Cuba after 5 years in a Cuban prison. (AP)

Cuba reset. Russia’s rubble troubles. School massacre in Pakistan. Jeb explores 2016. Our weekly news roundtable goes behind the headlines.

Dec 19, 2014
Soledad, and from left, Nina Pastori, and Lila Downs perform on stage at the Latin Recording Academy Person of the Year Tribute honoring Joan Manuel Serrat at the Mandalay Bay Resort and Casino on Wednesday, Nov. 19, 2014, in Las Vegas. (AP)

From crossover hits to hip-hop to soul, we look at a big year in the wide world of Latin music.

RECENT
SHOWS
Dec 18, 2014
A poster for the movie "The Interview" is carried away by a worker after being pulled from a display case at a Carmike Cinemas movie theater, Wednesday, Dec. 17, 2014, in Atlanta. (AP)

A big Sony hack gets weirder and wider. And Hollywood and Homeland Security are on edge.

 
Dec 18, 2014
This handout photo from the Twitter account of Sen. Jeff Flake, R-Ariz. shows Alan Gross arriving at Andrews Air Force Base, Md., Wednesday, Dec. 17, 2014. The US and Cuba have agreed to re-establish diplomatic relations and open economic and travel ties, marking a historic shift in U.S. policy toward the communist island after a half-century of enmity dating back to the Cold War, American officials said Wednesday. (AP)

Following months of secret talks the US will restore full diplomatic relations with Cuba after more than fifty years.

On Point Blog
On Point Blog
Our Week In The Web: December 19, 2014
Friday, Dec 19, 2014

Rage, shortlinks and things you people seem to be into, we guess. Also, Putin.

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Cosby Accuser Beverly Johnson: ‘He's A Black Man. I Had To Separate The Trayvon Martins, The Michael Browns From What Happened To Me’
Tuesday, Dec 16, 2014

Beverly Johnson accused comedian Bill Cosby of drugging her in a high-profile Vanity Fair column. She tells us why she waited so long to share her story, and why it was even harder to share now.

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Our Week In The Web: December 12, 2014
Friday, Dec 12, 2014

On listener engagement, the meeting of trans-Atlantic royalty and the elusive origins of the chicken. (We promise this feed hasn’t been taken over the BBC…yet)

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