Obama economic advisers endorse shift to easier mortgage terms

President Obama‘s two top economic advisers endorsed a pivot to easier mortgage credit terms Wednesday morning, writing a CNN Money op-ed endorsing federal agencies’ plans to boost mortgage availability, including through the bailed-out government-sponsored enterprises Fannie Mae and Freddie Mac.

Jason Furman, chairman of the Council of Economic Advisers, and Jeff Zients, director of the National Economic Council, praised the directors of regulatory agencies for taking “important steps last week to ensure that more responsible, creditworthy families can obtain a loan when they’re ready and prepared to buy a home.”