How Fannie and Freddie Can Help Make Housing Affordable

In a new video produced by the Lincoln Institute of Land Policy, Penn IUR Co-Director Susan Wachter discusses the historical significance of the American mortgage system in fostering economic equity. Reflecting on the post-war era, she notes that the "great explosion of economic productivity in America was shared by America's households," largely due to the stabilizing force of the fixed-rate mortgage. This innovation provided a shared promise "that growth in our economy is not just for the elite," but for everyone—a standard she argues we must innovate to ensure for the future. Watch the full feature at the Lincoln Institute of Land Policy.