On the Radar
Privatizing Fannie and Freddie
The Trump administration has unveiled a plan that would end government control of mortgage giants Fannie Mae and Freddie Mac. The companies nearly collapsed in the 2008 financial crisis and were bailed out by taxpayers at a cost of $187 billion.
Congress created the two mortgage finance companies (Mae in 1938, Max in 1970) to provide a federally-backed guarantee on loans, providing funds “to the thousands of banks, savings and loans, and mortgage companies that make loans to finance housing.”
Treasury Secretary Steven Mnuchin said the proposals will “protect taxpayers and help Americans who want to buy a home.”
“An effective and efficient federal housing finance system will also meaningfully contribute to the continued economic growth under this administration," Mnuchin added.
Sherrod Brown (D-OH), the ranking Democrat on the Senate Banking Committee, didn't share the secretary's optimism.
“President Trump’s housing plan will make mortgages more expensive and harder to get. I’m urging the president: Make it easier for working people to buy or rent their homes, not harder.”
Do you support privatizing Fannie Mae and Freddie Mac?
School Choice
It’s that time of year you may have dreaded as a kid—back to school season. The last few glorious weeks of summer break are slipping away, parents are buying school supplies, and kids are trying to savor their remaining homework-free days.
But for families who are trying to find the best possible academic option for their students, it’s also a time to evaluate which school would be the best fit for their child and whether it’s possible for them to attend a different school.
In many communities, school choice policies give students the ability to attend a different school than they’re assigned to by their district. While there are nuances to how school choice has been implemented in different places and it has both advocates and detractors, we wanted to clarify the debate for you. Click the link below for a primer, then tell your reps:
How do you feel about school choice?
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