There’s no consensus on how to design a new system to ensure that Fannie Mae and Freddie Mac – recipients of $150 billion in bailout money since the Bush administration took them over to avoid their collapse — won’t have to be propped up again.
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Here’s what some of the experts are saying about the future of the programs:
What do you say? Take the [...]
Sound off! How to fix Fannie and Freddie? is a post from: Mortgage Insider
Interest for a 30-year, fixed-rate loan fell to an average of 4.93% this week, the third-lowest rate on record, according to government-sponsored mortgage giant Freddie Mac.
This week’s rates are the lowest since the first two weeks of December. Thirty-year loan rates fell to an all-time low of 4.71% in the week ending Dec. 3 and [...]
Mortgage rates fall to near-record lows is a post from: Mortgage Insider
The Wall Street Journal reports the U.S. Treasury said it will “provide capital as needed” to mortgage buyers Fannie Mae and Freddie Mac over the next three years. The blank check courtesy of taxpayers is a bid to reassure buyers of the debt of the government-controlled companies.
But note: Treasury will stop buying mortgage-backed securities issued [...]
This could be one of the biggest bad-debt sales in history — Paul Muolo of National Mortgage News writes:
Every so gingerly, Fannie Mae and Freddie Mac are beginning to contemplate selling their nonperforming mortgages — roughly $250 billion worth of single-family product — in the open market. But will it ever happen? And if so, [...]
