Privatize Fannie Mae and Freddie Mac: the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation make mortgage markets inefficient, choke off competition, and help only the affluent. From: USA Today (Magazine) | Date: July 1, 1998| Author: McKinley, Vern | COPYRIGHT 1998 Society for the Advancement of Education. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Fannie Mae and Freddie Mac are excellent investments because they have tax exemptions and exclusions from securities regulations. These create an advantage that prevents other financial entities from competing with them. If they were to fail, the mortgage industry would be harmed immeasurably.

The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation make mortgage markets inefficient, choke off competition, and help only the affluent.

Fred...

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