Live Breaking News & Updates on Everybody Attack It

Changing. the obama administration wants to shrink government involvement in the mortgage system by dissolving fannie and freddie over a five to seven-year period. the changes could also mean major changes in interest rates and costs for borrowers. neil irwin is a financial reporter for the washington post and a usual guy with us. good morning to you. good to see you, neil. good morning, alex. these recommendations given by the white house, let s go through them. how do they run? yeah, what the white house has done is a really interesting strategy. instead of laying out the plan and having everybody attack it, they said here are three approaches we could take, and republicans in congress, whichever one you want to buy into, let s work on that and figure out how to work. one of the options is to really take the government out of the mortgage market entirely. there would be almost no role for the government side from some other programs. that s one approach similar to what some ....

Neil Irwin , President Obama , Washington Post , Interest Rates , Mortgage System , Government Involvement , Alex Witt , White House , Everybody Attack It , Lets Go , Mortgage Market , Lets Work , It Doesn T ,