POLITICS & MORTGAGES: Role of Government in Housing-Part II

The future of the GSE's (PART II), Fannie & Freddie, as well as the future liquidity of our secondary markets will no doubt be decided by the upcoming election.  What will our indusry look like if we have another 4-years of an Obama presidency vs Romney presidency?  

Tune in & listen to today's informative broadcast with our special guest is Jay Brinkmann, Chief  Economist & SVP of Research & Education for the Mortgage Bankers Association of American.  

We will be discussing the MBA's white paper which is titled "Recommendation for the future government role."  We will discuss the importance of housing in the economic and social fabric of the United States and if it warrants a federal government role in promoting liquidity and stability in the market for mortgage debt. The size and scope of the U.S. housing market mean that, except in times of extreme duress, the federal government’s role should be to promote liquidity for investor purchases of mortgage-backed securities, not to attempt to provide the capital for or absorb the risks itself.

Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Alice Alvey providing a LEGISLATIVE UPDATE, Joe Farr with a MARKET UPDATE, Andy Schell (a/k/a "The Profit Doctor") providing valuable info on FINANCIAL MANAGEMENT and TONY GARRITANO providing a TECHNOLOGY UPDATE.