Tag Archives: fannie freddie

Your Share Of Fannie/Freddie Bailout – $1300 Per American

The average American is on the hook for $1300 for bailing out Fannie Mae and Freddie Mac. Another $100 billion in taxpayer funds will be needed over the next three years. If leading Democrats get their way and Fannie and … Continue reading

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U.S. Slowly Pulls Back From Mortgage Market

In 2008, the United States federal government essentially nationalized the mortgage market. Now Uncle Sam is erratically but surely pulling back. For the past three years, Fannie Mae and Freddie Mac have bought home loans up to $720,000. Now they’ve … Continue reading

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Were Fannie/Freddie Naive About Mortgage-Backed Bonds?

The federal agency managing Fannie Mae and Freddie Mac are suing 17 banks for selling toxic mortgage-backed bonds. Fannie and Freddie have been buying subprime mortgages for more than a decade. They were forced to by their political supervisors who … Continue reading

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Are Private Markets Interested In Extending Jumbo Loans?

The federal government is slowly retreating from the mortgage market. On October 1, Fannie Mae and Freddie Mac will no longer buy such large jumbo mortgages. Currently, nine out of ten new mortgages, is backed by the federal government. Liberals … Continue reading

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Banks Are Slower To Foreclose On Delinquent Homeowners Than Fannie, Freddie

Did you see this WSJ article? It says that banks are slower to foreclose than Fannie Mae and Freddie Mac. So much for banks being the bad guys eager to swallow you up. Banks take a $40,000 hit on each … Continue reading

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Fannie, Freddie Asleep At The Wheel When It Comes To Mortgage Fraud

The two giant GSEs did not alert federal regulators to reports they received on mortgage fraud. The WSJ reports: The federal regulator for mortgage giants Fannie Mae and Freddie Mac was tipped off to allegations of fraud at mortgage lender … Continue reading

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Fannie, Freddie Shares Rise In Value

In 2008, preferred shares in Fannie Mae and Freddie Mac were worth about two cents on the dollar. These giant GSEs were essentially broke. Now the US Treasury has plowed in $163 billion but in exchange is demanding steep dividend … Continue reading

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Reforming Fannie, Freddie

I am watching Fox Business at 8:44 a.m. They are discussing reforming Fannie Mae and Freddie Mac. The guest says that Fannie and Freddie control 90% of America’s mortgages. These GSEs have cost taxpayers $134 billion so far. The Barack … Continue reading

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GSEs Such As Fannie Mae, Freddie Mac, Are Proven Losers

Government Sponsored Enterprises such as Fannie Mae and Freddie Mac are proven losers. The federal government is spending hundreds of billions of dollars to bail them out. The politicians pushed Fannie Mae and Freddie Mac to buy all sorts of … Continue reading

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Plans To Rescue The Mortgage Market

There’s one proposal for the government to buy up troubled mortgages and then refinance them through Fannie/Freddie. Eventually, the government may be able to sell these mortgages at a profit. You could use tax-exempt bonds to buy up homes and … Continue reading

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