With Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) increasing their efforts to persuade banks...

This news story has 6 comments:

Register or Login to rate comments »

ron284 Comments (205)
 
How about FNM & FRE ultimately going away. Let the banks write the mortgages & keep them or sell them amongst themselves. Nobody needs the extra competition from them & they just exaggerate the amount of money available for mortgages. Plus they've been a repository for all this crap coming back at the banks anyway.
15 Aug 2012, 07:37 AM Reply Like

David Sims Comments (159)
 
Bill Gross estimates that borrowers save 300 basis points on mortgages because the GSEs exist. And now after two quarters of profitability, you want to kill them?
15 Aug 2012, 08:27 AM Reply Like

suddencall Comments (57)
 
BS. You are out of reality. Before FNM AND FRE you could not get a loan . grow up and turn off the Fox NEWS.
15 Aug 2012, 10:42 AM Reply Like

itsAme Comments (98)
 
We can only hope the GSEs become outlawed. They probably will one day.

Congress will outlaw them. Rates will go up to 9-12% for a mortgage. Housing prices will come down as well as rents across the entire country. The rich who control real estate will see lots of wealth disappear and the middle class will be able to celebrate housing affordibility and a return to being able to survive on one working parent's salary.

Whoever is president when congress passes the law will go down as the ultimate hero of the middle class and savior of America.

But the GSEs were created and are being maintained to control the middle class and keep wealth in the hands of a select few so maybe that day will never come!!
15 Aug 2012, 11:12 AM Reply Like

PAHaysAZ Comments (2)
 
Two words: "Market distortion."
15 Aug 2012, 10:25 AM Reply Like

suddencall Comments (57)
 
Obama needs to replace Demarco , He has been asleep at the wheel long enough.
15 Aug 2012, 10:44 AM Reply Like