Will Fannie Mae And Freddie Mac Be Going Away?

President Barack Obama has laid out principles for a reform of home mortgage markets in the U.S.

And his administration has signaled that they are mostly in agreement with a proposal advanced by Sens. Bob Corker (R-Tenn.) and Mark Warner (D-Va.) to wind down and replace Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that buy most home mortgages.

Is GSE reform one of the few areas where Washington will reach bipartisan agreement this year? And what will that mean for homebuyers? I discussed those questions with Jed Kolko, chief economist at Trulia.

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