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An overhaul for Fannie and Freddie: What it would mean for mortgage borrowers


An overhaul for Fannie and Freddie: What it would mean for mortgage borrowers
Bankrate
1/22/2021
© Frontpage/Shutterstock
Fannie Mae headquarters
Mortgage giants Fannie Mae and Freddie Mac have languished in financial limbo for years. In the latest push to set a long-term path for Fannie and Freddie, a politically powerful trade group calls for restructuring the mortgage companies into a utility owned by shareholders.
Fannie and Freddie are mostly invisible to homeowners, but they play an important role in the mortgage market. By acting as a backstop for private lenders, Fannie and Freddie keep borrowing costs low and mortgage money flowing. ....

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How is the U.S. economy actually doing?


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Nearly a year after the coronavirus outbreak, the full effect of the pandemic on the U.S. economy remains unclear. Some of the most obvious indicators are in conflict: As some companies report enormous profits, nearly 10 million more Americans are now unemployed compared with last February, and more than 1 million filed new unemployment claims last week.
Are we still in the early stages of a long recession, or will the rollout of vaccines mean we will soon see the end of a short-term crisis? How much are people suffering now, and for how long will the effects of the past 10 months persist? ....

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