Tag Archives: fannie mae

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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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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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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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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Fannie Mae Wants $4.6 Billion

President Obama’s plan to allow underwater homeowners to refinance their mortgages is only going to further drain government resources to prop up the housing industry. Over the next three years, Congress will be expected to pony up another $100 billion … Continue reading

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Mortgage Bonds Pay Price For Obama’s Refinancing Scheme

Every time the government decides to do something, it is good news for parts of the economy and bad news for parts of the economy. Obama’s refinancing scheme for home underwater is undoubtedly good news for home owners in trouble … Continue reading

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A 2003 Mortgage Warning

In 2003, Nye Lavalle compiled a list of improprieties by Fannie Mae. He warned about a mortgage disaster ahead. Nobody in power listened to him. When I read about the fraudulent fees and fines given to his mortgage, it makes … Continue reading

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FHA Needs A Bailout

The FHA stands for the Federal Housing Administration. It is instituting new rules to try to forestall an appeal to Congress for a bailout. The FHA wants to force banks to buy back thousands of troubled mortgages. Kevin Chiu reports: … Continue reading

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President Obama Extends HAMP For A Year

About one-fifth as many homeowners got help from HAMP as was expected so the Obama administration is extending the program for a year. All these attempts to interfere with the free market only delay the recovery of the housing market. … Continue reading

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