John Stumpf, chairman and CEO at Wells Fargo, offers some background and insight into how the mortgage market got into the mess it was in at the start of the global financial crisis. Stumpf explains the need for a secondary market as well as the need to resolve issues related to Fannie Mae and Freddie Mac. "Mortgage financing is a big deal for millions of Americans and for our economy overall," he writes. "All sides should be looking for solutions that will help all Americans."
Published in Brief: