The conservatorship also eroded the agencies' political support. Their continuing existence is an embarrassment to the liberals
His OMB selection supports policy that will make John Paulson billions.
Since the 2008 financial crisis, the twin housing giants Fannie Mae and Freddie Mac have been in a conservatorship. Yet, the status quo in Washington seems to be dug into keeping them hamstrung in permanent confusion.
In addition to very large Consumer credit borrowing that rose $17.2 billion in February (but excludes mortgage lending), the number of new first mortgages increased markedly in 2015, according to new data from credit rating company Equifax.
I also looked at the Fannie Mae selling guide, which sets out the requirements for selling mortgages to that agency. Fannie's
NLIHC enthusiastically supports this bold new bill because it tackles the unacceptably high levels of homelessness in this country and will increase the supply of affordable housing for the country's lowest income households.
Almost two thirds of taxpayers are homeowners. Why should they be OK with the government experimenting with their tax dollars to benefit the government controlled GSEs? How about benefiting the taxpayer homeowner instead?
The article focused on Fortress Investment's Peter Briger, a/k/a "king of debt" a/k/a "junkyard dog," a man who scored big by buying up the so-called "distressed assets" that banks didn't want and were willing to sell off cheap. So, if you're one of millions of struggling homeowners be afraid, be very afraid.
Prospective new homeowners have all sorts of pressing concerns to consider. Strapping the cost of a federal highway spending bill onto their backs by way of artificially inflated loan guarantee fees paid over the life of a 30-year mortgage shouldn't be one of them.
The White House, U.S. Treasury, and Federal Housing Finance Authority have been stonewalling discovery requests by investors who want to know exactly why the GSEs were put into conservatorship in the first place.
Warren cited a Congressional Budget Office report from 2013 that determined a modest principal reduction plan could help
As if further confirmation was needed that Fannie Mae and Freddie Mac were not even a minor cause of the housing bubble and consequent bust, the latest judgement against Nomura Securities for selling fraudulent mortgages to Fannie and Freddie should be icing on the cake.