A bipartisan, pragmatic roadmap to fix broken housing finance system while protecting taxpayers
Nearly five years have passed since taxpayers bailed out Fannie Mae and Freddie Mac, the entities at the heart of our nation’s broken housing finance system. Despite broad bipartisan agreement that the system needs to be fixed, Congress has yet to act.
As I’ve traveled across our state in the wake of the financial crisis, I’ve talked to too many middle-class families who have struggled to stay in their homes and keep their heads above water. I’ve talked to too many mothers and fathers who have had to choose between a roof to sleep under and a meal on the table for their kids. I’ve talked to too many men and women who’ve picked up second or third jobs just to keep a foreclosure notice off their front door.