Monday, April 4, 2011

Wells Fargo's John Stumpf: How to fix the mortgage mess

Wells Fargo's John Stumpf tells us how to fix the mortgage mess. By John Stumpf, chairman, president, and CEO, Wells Fargo


FORTUNE -- For most Americans, their home is the largest and most important investment they will ever make. Ensuring that they have the right kind of mortgage is critical to their financial well-being and -- as we've seen recently -- critical to our entire economy.
That means we have to solve the Fannie Mae and Freddie Mac problem and eventually figure out the proper role of the federal government in supporting a secondary market for home mortgages. Doing that right is one of the most important issues facing Congress and the Obama administration.

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