Category Archives: fannie mae

Mortgage Borrowing Costs Must Rise

Fannie Mae and Freddie Mac are raising their fees for mortgage insurance, reducing Fannie and Freddie’s reliance on taxpayer subsidies. The trend is for a pullback in government support for mortgages. This is part of the overall pullback in government … Continue reading

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Blaming The Big Banks For The Housing Crash

Politicians want to blame the big banks and Wall Street for our recession and housing crash. They want to bleed the banks and make the big moneymen pay up to government and then distribute these payoffs to the politically connected. … Continue reading

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The Fannie, Freddie Mess

Fannie Mae and Freddie Mac have run amok with subprime loans and the like over the past two decades. Taxpayers have had to bail out the agencies to the tune of $141 billion so far and there will likely be … Continue reading

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Fannie, Freddie Rake In Higher Fees

Fannie Mae and Freddie Mac are bringing in higher fees for their mortgage guarantees. Fannie and Freddie were run into the ground and are currently in U.S. government receivership. Taxpayers are on the hook for hundreds of billions of dollars. … Continue reading

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Millions Of Americans Can’t Refinance

At least 2.3 million American homeowners who would benefit from mortgage refinancing can not refinance due to two principle reasons — low credit scores and a lack of equity in their homes. Long-term fixed rate mortgage interest rates are around … Continue reading

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Mortgage Interest Rates Are Not The Problem

The problem now is the overly restrictive, overly fastidious lending standards set forth by Fannie Mae and Freddie Mac. Fannie and Freddie have over-reacted to the housing crash of 2008, which revealed that lending standards were way too lax. Now … Continue reading

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Good Luck To Uncle Sam In Collecting From 17 Banks

The United States is suing 17 major banks over mortgage bonds they sold to Fannie Mae and Freddie Mac. The US claims that the banks sold fraudulent bonds. That the banks knew that the mortgages backing up the bonds were … Continue reading

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Politicians Who Caused Housing Problem Now Want To Fix It

Government intervention to force banks to lend to politically connected minorities with poor credit caused the housing crash and plunged the world economy into recession. Since 2008, politicians have kept coming up with more subsidy schemes to revive the housing … Continue reading

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Fannie, Freddie Close To Admitting Their Role In Mortgage Meltdown

Fannie Mae and Freddie Mac are about to settle with the SEC over claims the mortgage giants did not adequately reveal their vulnerabilities to subprime mortgages. What is ironic is that the SEC has charged Fannie and Freddie with what … Continue reading

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New York, California Hardest Hit By Decline In Jumbo Loans

Fannie Mae and Freddie Mac are reducing the size of mortgage loans they will guarantee. Such jumbo loans are primarily used to buy expensive homes in just a few counties in the United States, principally in coastal California and New … Continue reading

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