UC Berkeley Finance and Real Estate Professor Recommends Steps to Privatize U.S. Mortgage Market.

Byline: Haas School of Business, UC Berkeley

BERKELEY, Calif., Nov. 18 (AScribe Newswire) -- Privatizing the U.S. mortgage market and eliminating Fannie Mae and Freddie Mac are the best ways to work toward stabilizing the U.S. housing finance system, says UC Berkeley real estate professor and economist Dwight Jaffee. "Fannie and Freddie must have a graceful burial as the first step toward creating a private and efficient U.S. mortgage market."

Jaffee has studied mortgage trends for more than 40 years. He recently spoke before the Financial Crisis Inquiry Commission (FCIC) and the President's Economic Recovery Advisory Board (PERAB) - two blue-ribbon panels …