Privatizing the American Dream: Fannie Mae and Freddie Mac

This chapter explores the complexities and implications of privatizing major mortgage finance entities Fannie Mae and Freddie Mac, which have been under government control since the 2008 financial crisis. It discusses the historical context of mortgage financing in America, including the risks of reducing federal involvement and the potential effects on housing accessibility and financial stability. The conversation critiques the current mortgage model and examines the challenges posed by proposed longer loan terms amid fluctuating interest rates.