Tag Archives: american taxpayers

Freddie Mac Asks For More Government Help

So far taxpayers have paid out about $170 billion to subsidize Fannie Mae and Freddie Mac. That works out to about $1300 per American. Taxpayers are on the hook for at least another $100 billion in aid over the next … Continue reading

Posted in Banks, fannie mae, Foreclosure, freddie mac, mortgage, Politics, Rates, Refinance | Tagged , , , , , | Comments Off on Freddie Mac Asks For More Government Help

Private Markets Will Provide Mortgage Credit Provided They Have Incentive

When government guarantees and subsidizes mortgage loans, private lenders have a difficult time competing. Take away the government subsidies and the free market will extend credit to the extent that it can make a profit from doing so. Bloomberg reports: … Continue reading

Posted in Banks, fannie mae, freddie mac, mortgage | Tagged , , , , , | Comments Off on Private Markets Will Provide Mortgage Credit Provided They Have Incentive

Credit Market Will Not Collapse

From SFGate.com: Pouring money into the investment banks at all – and especially by buying up their bad paper – is not a good way to maintain liquidity and credit. If the Fed needs to inject liquidity into the market, … Continue reading

Posted in Bankruptcy, Banks | Tagged , , , , , | Comments Off on Credit Market Will Not Collapse

Another Refinance Boom

Scott Messina writes: The hastily prepared 109 page bill would have allowed the U.S. Treasury to bail out Wall Street’s financial failures by saddling the American taxpayers with a nearly three-quarter trillion dollar price tag. The majority of those liberal … Continue reading

Posted in Refinance | Tagged , , , , , | Comments Off on Another Refinance Boom