Tag Archives: fannie mae and freddie mac

PBS Frontline Tackles Money, Power And Wall Street

Watch the three hours and 47 minutes of four total shows here. I love PBS Frontline. I think it tends to be fair and to be journalistically solid. The show does have a definite pro-regulation bias. Whether it is tackling … Continue reading

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Fannie Mae, Freddie Mac Fat Cats Slimmed

Executives at Fannie and Freddie made millions of dollars as they drove those institutions into bankruptcy and a massive taxpayer bailout. Taxpayers are on the hook for about $300 billion by 2014 to keep Fannie and Freddie afloat. Now the … Continue reading

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Is Mortgage Principal Write-Off Overdue At Fannie, Freddie?

Taxpayers are on the hook for about $300 billion for Fannie Mae and Freddie Mac, but if liberals get their way, that number will balloon as Fannie and Freddie write-down mortgage principle for their most inept borrowers. People would who … Continue reading

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BofA Reduces Mortgage Loan Principal For 200,000

As a result of a settlement with state and federal government, Bank of America is writing down mortgage loan principal for about 200,000 Americans, sometimes as much as $100,000 per mortgage. Banking is far more regulated than ordinary business. Bankers … Continue reading

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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

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The New Mortgage Refinance Program

Underwater homeowners with mortgage guaranteed by Fannie Mae and Freddie Mac will be able to refinance their loans under Obama’s new plan, saving themselves about a thousand dollars a year if they fill out all the paperwork correctly. Kathleen Pender … Continue reading

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Are Mortgage Standards Too Tight?

It used to be that you prior to 2007, you could get liar loans, aka mortgage loans without proof of income. Standards for mortgage lending were way too loose. Are they now too tight? If they are too tight, then … Continue reading

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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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CA’s AG Seeks An End To Mortgage Foreclosures In That State

California’s attorney general seems to believe we can just legislate unpleasant economic realities such as mortgage foreclosures. She wants Fannie Mae and Freddie Mac to stop foreclosing in California. Fannie and Freddie have required a $160 billion in taxpayer funds … Continue reading

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Legislating Away Unpleasant Foreclosures

California’s Attorney General has called for a halt to foreclosures in the state. Such a move would gum up the free market, render housing business less efficient, and make investors less likely to put money into housing. Ahh, but it … Continue reading

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