Tag Archives: financial cushion

Solving The Mortgage Crisis

From Barrons: WHAT DO YOU CALL A PERSON WHO OWES MORE ON HIS MORTGAGE than his house is worth? Absurdly, the payments still are designated tax-deductible interest (mostly) and repayment of principal (a tiny fraction). To solve the mortgage crisis, … Continue reading

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Foreign Banks Back Fannie Mae, Freddie Mac

From Reuters: Foreign central banks held $931.9 billion of agency and mortgage-backed securities issued by Fannie Mae, Freddie Mac and other government-sponsored enterprises as of May 14, according to the Federal Reserve. Freddie Mac and Fannie Mae are public companies … Continue reading

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