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How Fannie Mae and Freddie Mac Can Help End the Housing Shortage

 How Fannie Mae and Freddie Mac Can Help End the Housing Shortage

Christopher Goodney/Bloomberg

According to Zillow, the U.S. faces a significant housing shortage, with a need to construct 4.5 million new homes. Jim Millstein, co-chair of Guggenheim Securities, advocates for Fannie Mae and Freddie Mac (GSEs) to enter the construction finance market. He argues that establishing a secondary market for construction loans by the GSEs would inject much-needed liquidity into this sector. This increased liquidity, Millstein believes, would facilitate the financing and development of hundreds of thousands of new affordable homes annually, effectively tackling the housing shortage.

 

Source: https://www.bloomberg.com/news/articles/2024-07-19/a-plan-to-end-the-housing-shortage-in-just-five-years?sref=bTZAswjC

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