Tag Archives: secondary mortgage market

Three Options For Reforming Mortgage Finance

What to do about Fannie Mae and Freddie Mac is still a major topic of discussion and negotiation in Washington D.C. Options are still being considered. The Obama administration is working with Congress. We don’t know yet which reform option … Continue reading

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Perverse Incentives In The Housing Market

A new book blames Wall Street for the financial collapse of 2008. This book says the problem is not Fannie Mae and Freddie Mac and federal government demands that banks lend to people not credit-worthy. How could enforced lowering of … Continue reading

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Steve Forbes Advocates Reducing Government Involvement In Mortgages

Steve Forbes write that while there may be short-term pain from winding down Fannie Mae and Freddie Mac, in the long run it will be good for the housing industry. Reduced government involvement in mortgages will mean higher down payments … Continue reading

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What is mortgage clearinghouse MERS?

It is the new villain in our housing crisis. It was started in the early 1990s to make the mortgage market more efficient. MERS, according to the Washington Post, is “a central electronic clearinghouse would allow the companies to transfer … Continue reading

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Surviving The Mortgage Meltdown

Report from Florida: So where do we go from here? First, the federal government needs to allow the free market to clean up the mess it helped create. The best bailout Congress could have offered the American people would have … Continue reading

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A Timeline For Our Economic Meltdown

Report: According to news reports around the U.S., our economy’s downward spiral seems to have begun with U.S. subprime mortgages. These are home loans made to people who, under normal circumstances, would not be ideal candidates to get a mortgage … Continue reading

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When Subprime Lending Exploded

Report: Fannie, the Federal National Mortgage Association, and Freddie, the Federal Home Loan Mortgage Corp., don’t lend money, to minorities or anyone else, however. They purchase loans from the private lenders who actually underwrite the loans. Between 2004 and 2006, … Continue reading

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The View From China

Report: Fannie Mae does not make home loans directly to consumers, but rather functions as a leading participant in the U.S. secondary mortgage market. By purchasing and securitizing mortgages, Fannie Mae facilitates liquidity in the primary mortgage market by ensuring … Continue reading

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Was The Bailout A Sellout?

From the Inquirer: While the American Empire’s fall won’t be lamented, the depression will be painful. In the process they’ve driven many large US banks, hedge funds and insurance companies straight off the cliff of financial insolvency and into undeclared … Continue reading

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What Do Fannie/Freddie Do?

From capegazette.com: Federal financiers hope the government takeover of Fannie Mae and Freddie Mac will save other banks from failure as they weather the fallout of the mortgage crisis. Large regional banks are the ones affected by the problems of … Continue reading

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