Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.
Fannie Mae – Freddie Mac – Business – Thailand – Provinces
A year after Fannie Mae and Freddie Mac teetered, industry executives and policy makers are worrying that the Federal Housing Administration could be the next housing domino.
A year after Fannie Mae and Freddie Mac teetered, industry executives and policy makers are worrying that the Federal Housing Administration could be the next housing domino.
In order to revive securitization, taxpayers would have to absorb large risk. The social gains would be small, or perhaps even nonexistent. The best thing to do with the shattered Humpty-Dumpty of mortgage securitization would be to toss the broken pieces into the garbage.
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Should Mortgages be Securitized?
Author:
Arnold [...]
“Fannie and Freddie are on soaring. For five days in a row Fannie Mae and Freddie Mac mortgage securities have rose. Interesting the rise in mortgage bonds is not due to an increase in the mortgage refinancing and modifying but in a reduction in refinancing, well below the forecasted levels.”
