Spreading the truth. Empowering the people.
The gatekeepers of the American mortgage market are increasingly backing loans to borrowers who have heavy debt loads, highlighting questions about mortgage risk as policy makers debate ways to change the system. … Read more
via housingwire: While it appears that the Federal Housing Administration may not be backing mortgages for Deferred Action for Childhood Arrivals recipients, Fannie Mae declared recently that it supports (and will continue to support) mortgages for DACA … Read more
by confoundedinterest The Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie were placed into conservatorship with their regulator back in 2008 after housing prices declined and mortgage defaults spiked. But since … Read more
Fannie and Freddie 10 years later from CNBC. When the housing market began its epic and historic free-fall in 2008, mortgage giants Fannie Mae and Freddie Mac faced imminent collapse. … Read more
From Joe Light at Bloomberg: Fannie Mae will request an infusion of taxpayer money for the first time since 2012 because of an unintended but anticipated side effect of the corporate tax … Read more
Why is Fannie Mae offering Goldman Sachs et al. such fat margins on defaulted mortgages? By Wildfry, currently in Hong Kong. Much of the attention on Fannie Mae has been … Read more
by olesentv There’s a housing crisis in the United States. Even though it’s been almost 10 years since the housing meltdown that happened in 2008,, there is still massive distortion in … Read more
Fannie and Freddie could need $100 billion bailout in next crisis, stress test finds Fannie Mae and Freddie Mac could need a taxpayer bailout of as much as $99.6 billion … Read more
Now we know why the US Senate has refused to confirm Dr. Ben Carson @ HUD. Obama diverted money from low-income housing to keep Obamacare alive. This could cause another … Read more