Category Archives: U.S. Government

The Buying Of Troubled Mortgage Assets

Report: If the idea of the government essentially bidding on its own contracts sounds sort of odd to you, you should note that Fannie Mae (FNM: 0.95 0.00%) and Freddie Mac (FRE: 1.07 -6.96%) have each put in bids to … Continue reading

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Treasury’s Rescue Program

SAN FRANCISCO (Reuters) – Mortgage finance companies Fannie Mae and Freddie Mac have each bid to manage home loans the U.S. Treasury will purchase under its multibillion-dollar program to soak up bad mortgage bets, said two sources familiar with the … Continue reading

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Housing Market Hurt By Government Interventions Meant To Help

Report: The nation’s homebuilders will be building fewer homes this year than at any time since the end of World War II. In addition, the National Association of Homebuilders Housing Market Index hit a record low of 14 in October, … Continue reading

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US Treasury Buying Distressed Mortgages

From the New York Times: While the Treasury Department says it still plans to buy up distressed assets, the scope of that plan is unclear. And the federal government, meanwhile, has directed Fannie Mae and Freddie Mac, the government-controlled mortgage … Continue reading

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What Are The Consequences Of Increased Government Intervention Into The Economy?

From the New York Times: Now that the big five investment banks of America have been shut down, sold off or turned into more staid bank holding companies, there is one big risk-taking banker left: the federal government. The decision … Continue reading

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The Unintended Consequences Of Government Intervention

From Time magazine: Last month, when the government took control of mortgage giants Fannie Mae and Freddie Mac and pledged to inject $200 billion in capital into the home loan guarantors, administration officials said the moves would make it easier … Continue reading

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Whitehouse Help For Homeowners Release

“[T]he decline in the housing market has left many Americans concerned about losing their homes. My Administration launched the HOPE NOW Alliance, which brings together homeowners and lenders and mortgage servicers and others to find ways to prevent foreclosure. We’re … Continue reading

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Looking To The Government For Help With Real Estate Prices

Joe Nocera writes: Now that the government has “saved” Wall Street — at least for the moment — hasn’t the time finally come to save Main Street too? I’ve seen estimates suggesting as many as one out of every six … Continue reading

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The Rules on Hope For Homeowners Program

Report: HOPE for Homeowners, nicknamed H4H, became law this summer to help keep homeowners from defaulting on their mortgages and going into foreclosure. Lenders who voluntarily allow borrowers to refinance under H4H are required to reduce the size of the … Continue reading

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Treasury Considering Buying Ownership In Banks

Report: WASHINGTON: Having tried without success to unlock frozen credit markets, the U.S. Treasury Department is considering taking ownership stakes in many U.S. banks to try to restore confidence in the financial system. Treasury officials say the just-passed $700 billion … Continue reading

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