Remember the whitehouse projected 20 years for fannie and freddie to payback, this was reported early 2013. it took 9 months after the report. DC was off 19 years on their estimate.!! how is that possible?
It wasn't . And the current movement on these two GIANTS is because of the early payback. The govt is fully aware they will lose the court case and want to rectify all of it NOW. But they cant figure out how to do it without wrecking the economy. This leaves only one choice, take the easiest path. That path is to use the system that is working and tweak it. Give it back to the shareholders and charge a fee for the backstop. Everyone wins. Dont forget to do risk sharing from now on, for ALL the BONDS. And there ya go. The path of least resistance. This risk sharing is already happening NOW with fannie and freddie, and was working the entire time with multi-family. even in 2008-2013. Multi always made money and held its own. the only thing that went belly up was the BANKS FRAUDULENT loans they sent to F&F. This is the path of least resistance. FHFA regulate the two GIANTS to hold less new mortgages and have fannie and freddie open up the Common Security platform for the banks to sell there more risky crap that is non conforming, Like Bear Sterns did, and allow the Bond holders to share the risk with the banks on that garbage they write loans on. Im ranting now. sorry. The topic still holds true.
- PVCT shareholder blog
- GILD shareholders blog
- FANNIE FREDDIE GOOGLE GROUP
- Bill Maloni GSE
- FNMA - YAHOO message board
- FNMA Real Time QUOTE
- $60 per share, target
- Throwing out the case: Perry Injunction
- Why the FHFA took over Fannie and Freddie and AIG
- homesteading off grid planning
- Save on Your Electric Bill