Tag Archives: housing finance agency

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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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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Key Democrats Push Fannie, Freddie To Write Down Mortgage Principle

Taxpayers have already put out nearly $200 billion to prop up Fannie Mae and Freddie Mac. They are on the hook for hundreds of billions more. Key Democrats are pushing the regulator of Fannie and Freddie to write down mortgage … Continue reading

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Freddie Mac Bets Against Homeowners

When the government owns or controls more of the economy, different parts of the government start working against each other. Freddie Mac has an incentive to reduce its losses and its taxpayer bailouts. The wider economy has an interest in … Continue reading

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Another Chance To Refinance Your Mortgage

People who’ve been turned down multiple times on their applications to refinance their mortgage have a fresh new shot with the Obama administrations new plan to allow for the refinancing of underwater mortgages owned by Fannie Mae and Freddie Mac. … Continue reading

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House Republicans Skeptical Of Plan To Refinance Underwater Borrowers

Meanwhile, House Democrats are skeptical that the plan will go far enough to turn around the housing market and stem the tide of foreclosures. Republicans will counter that this refinancing plan for underwater borrowers wouldn’t fly without government guarantees and … Continue reading

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The Fannie, Freddie Mess

Fannie Mae and Freddie Mac have run amok with subprime loans and the like over the past two decades. Taxpayers have had to bail out the agencies to the tune of $141 billion so far and there will likely be … Continue reading

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Politicians Who Caused Housing Problem Now Want To Fix It

Government intervention to force banks to lend to politically connected minorities with poor credit caused the housing crash and plunged the world economy into recession. Since 2008, politicians have kept coming up with more subsidy schemes to revive the housing … Continue reading

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Bank of America On The Brink

The FHA agency is suing the major banks for selling mortgage-backed securities that proved to be worth little. State Attorney Generals and the Barack Obama administration want to extract $20 billion from the banks to settle disputes over robo-signing on … Continue reading

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