111 - Nick Timiraos on the History and Economics of Fannie Mae and Freddie Mac

Published: June 18, 2018, 9 a.m.

Nick Timiraos is a national economics correspondent for the Wall Street Journal and covers topics relating to the Federal Reserve. He also covered the housing bust and the government\u2019s response to the mortgage crisis during the Great Recession as well as the government-sponsored enterprises, Fannie Mae and Freddie Mac. Nick joins the show today to discuss the long and controversial history surrounding the two GSEs on the 10 year anniversary of their conservatorship. David and Nick also discuss the evolution of the U.S. housing market as well as the advent and characteristics of securitization. Nick\u2019s Twitter: @NickTimiraos Nick\u2019s Wall Street Journal profile: https://www.wsj.com/news/author/5585 Related Links: *The U.S. Mortgage Market: Chart Edition* by David Beckworth (includes the market share chart referenced at 25:20 during the episode.) http://macromarketmusings.blogspot.com/2018/05/the-us-mortgage-market-chart-edition.html David\u2019s blog: macromarketmusings.blogspot.com David\u2019s Twitter: @DavidBeckworth