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Politics Breaking News: Obama Touts Mortgage Finance Plan, Highlights Private Sector Role

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Politics Breaking News: Obama Touts Mortgage Finance Plan, Highlights Private Sector Role

Politics Breaking News: Obama Touts Mortgage Finance Plan, Highlights Private Sector Role
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Politics Breaking News: Obama Touts Mortgage Finance Plan, Highlights Private Sector Role

by Wochit 0:57 mins

President Barack Obama called for broad reform of the mortgage finance system to boost the U.S. housing market, help still-struggling homeowners, and prevent one of the triggers of the 2007-2009 financial crisis from happening again. Yemen was thrust back into the forefront of the international fight against terrorism when the U.S. and Britain evacuated embassy staff due to a threatened attack. A suspected U.S. drone killed four alleged members of al-Qaida, and militants shot down a Yemeni army helicopter. President Barack Obama, taking his message on the economy to Phoenix, will call for a greater role for private capital in the nation's mortgage markets, ultimately replacing Fannie Mae and Freddie Mac

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