Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world's largest financial institutions and play a crucial role in the housing market.
Help for first time buyers and other housing market measures will be welcome.
When the housing market fell in Las Vegas, we got so many Rolex and Tag Heuer watches it was ridiculous.
I'm not a housing market expert, and I don't want to pretend to be one.
President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis that's been a shame.
Well, Mark, I led the charge for five or six years to get reforms for Fannie Mae and Freddie Mac. I was chairman of an organization called 'FM Policy Focus.' What we were saying was, if there was blip in the housing market, Fannie and Freddie would destabilize the greatest economy in the world.
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.
The housing market will get worse before it gets better.
The housing market has bottomed. It's not too late to get involved.
Once the housing market begins to recover, I would phase out the mortgage tax deduction.
