Replies to post #492960 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

he said differentlyin 2012.

https://www.cato.org/publications/commentary/get-mortgage-industry-out-taxpayers-pockets

Subsidy defenders claim that without Fannie/Freddie, or something like them, the 30-year fixed mortgage would disappear. This is demonstrably false. Remember, Freddie wasn’t even created until 1970, while Fannie’s market share remained in the single digits between its creation in 1938 and 1980. The fact is that the 30-year fixed was widely available before Fannie and Freddie were significant players in the market.