Posts Tagged ‘Fannie Mae Freddie Mac’
To occupiers blaming Wall Street: The major cause of the 2008 collapse is…
The complete and total break down of the mortgage industry. It’s the primary reason you may have lost your home, are underwater with your mortgage, or can’t find a job. It was not Wall Street greed, it was the federal government who tinkered with the rules and screwed it up for everyone.
Read MoreObama provides unlimited loss coverage to Fannie Mae and Freddie Mac
A Christmas Eve White House decision that nobody will notice. President Obama and his treasury secretary, Timothy Geithner, have elected to increase loss coverage for the Government Sponsored Enterprises (GSE) of Fannie Mae and Freddie Mac from $200 billion to unlimited for the next three years.
Read MoreFannie Mae starts renting homes to owners in foreclosure
Yeah, this will work out just fine. Other than the fact Fannie Mae has no experience renting homes and the owners-turned-tenants will not be able to afford the market rate for the rent. I’m quite certain this is the best thing to do. Not.
Read MoreShowdown: Rove vs Williams
It started innocently enough. Karl Rove explains it’s not the Olympic fiasco that is hurting Obama … it’s not even this month’s unemployment rate, it’s Obama’s overall handling of the economy. Juan steps in it when he accuses Rove and the Bush administration of doing nothing to stop the financial meltdown and that’s when Rove…
Read MoreGOP House Oversight Committee mortgage crisis review
Who says the Republicans in Congress are not doing anything? Even though you could call it old news, members of the GOP House Oversight Committee put together a report in review of the Fannie Mae and Freddie Mac diabolical. So why is this important? As Michelle Malkin reminds us, Rep. Barney Frank (D-Mass.) wants to…
Read MoreFrank demands lender ease mortgage requirements
Isn’t this how we got into the mortgage mess? Democrats in Congress are asking Fannie Mae and Freddie Mac to relax mortgage standards again.
Read MoreThomas Sowell On The Housing Crisis
Thomas Sowell is a very bright man with uncommon common sense. A guest on my show only once (he is very tough to nail down), a free market thinker he does a great job of tracing the root cause of the current financial crisis, an even if you are one to believe that “greedy bankers”…
Read MoreAP story notes Republican involvement in GSE mess
I’m fully on board with blaming Democrat lawmakers in Washington for contributing to the mortgage crisis that started with Freddie Mac and Fannie Mae. Republicans introduced legislation that would more closely regulate the government sponsored entities (GSEs). Democrats – including Barney Frank (D-Mass.) – blocked that legislation, all but calling those asking for the changes…
Read MoreHow does a 4.5% mortgage sound to you?
As I walked through the living room just now, I heard talk of a 4.5 percent fixed rate mortgage on Fox News. Financial industry lobbyists are knocking on Hank Paulson’s door at the Treasury Department with a plan in hand to lower interest rates to help “stabilize” the housing market. Will everyone be able to…
Read MoreRahm Emanuel tied to Freddie Mac – nothing to see here
Just who is Obama’s new chief of staff? I’ve been a bit behind this week in reading due to other commitments, but this afternoon was when I first heard about Obama’s pick. Guess who served on the board of Freddie Mac in 2000 and 2001?
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