On housing, wild horses, Scotland, child sex abuse, longevity: Letters to the editor

Posted: September 8, 2016 in economy
Tags: , ,

UK Only Article: 
standard article


Art of the lie

Fly Title: 

On housing, wild horses, Scotland, child sex abuse, longevity

Print section

Expand homeownership

You argued that America has in effect nationalised its housing market (“Comradely capitalism”, August 20th). But the government has been supporting home financing and incentives for the past 80 years, whether through the mortgage-interest deduction or programmes that ensure affordable mortgage capital. Washington’s inability to press forward with reform has caused uncertainty and restricted credit for homebuyers. People are confident that if they qualify for a mortgage a bank will lend them the money. The Federal Housing Association, Fannie Mae, Freddie Mac and other programmes provided this stability. They took on the credit risk of mortgages so long as Wall Street took on the interest-rate risk. This system must be protected.

The FHA, Fannie Mae and Freddie Mac have worked hard to further their public mission of supplying mortgage capital during depressed markets while protecting their integrity. During the housing recovery they have repaired their …

via Economic Crisis http://ift.tt/2bVNb3A


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s