Tuesday, January 21, 2014

Fannie Mae, Freddie Mac profits give little reason to shut them down

Fannie Mae, Freddie Mac profits give little reason to shut them down


news from: The Economic Times


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Fannie and Freddie back 60% of all mortgages. The new legislation that keeps the two running by the three dems in the house, would set them free and allow them to back 30% of the mortgages. after 5 years of tapering them from 60 to 30%. but none the less they would be half the size they are now. or back to 2008 levels. before the crisis fannie traded $60 a share. and no new shares have been added since then.

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