Obama Supports Role for Government to Reform Mortgages

Aired: 8/7/2013 | 0:07:41 | Clip
President Barack Obama vowed to push Congress to reform American housing policy. A current Senate plan would wind down the role played by Freddie Mac and Fannie Mae. Margaret Warner sits down with Guy Cecala, publisher of Inside Mortgage Finance, to understand how the proposal would change the lending landscape.