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housing finance marketNBC 6 South Florida
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67% Informative
Fannie Mae and Freddie Mac have been under government control since the Great Recession .
The two firms guarantee roughly half of the $12 trillion U.S. home loan market and are a bedrock of the economy.
Democrats fear ending the conservatorship would cause mortgage prices to jump.
An economist says privatization would cause a spike in the cost of buying a home for most Americans .
Republicans and many are loathe to reinstate such a guarantee, arguing the government should not be spending billions of dollars in taxpayer money to save mismanaged companies.
Without that guarantee, there's an “enormous risk that the market will not accept Fannie and Freddie ’s privatization,” Parrott said.
Other huge firms the government bailed out during the 2008 recession, including Citibank , AIG and General Motors , remain public companies.
VR Score
75
Informative language
77
Neutral language
58
Article tone
semi-formal
Language
English
Language complexity
53
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
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