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The FHFA calculates that Fannie Mae and Freddie Mac could save $3.6B by reducing the balances...

The FHFA calculates that Fannie Mae and Freddie Mac could save $3.6B by reducing the balances for some homeowners who are in negative equity, the WSJ reports. Until now, the agency has maintained that the firms' existing rescue programs were less expensive. The FHFA is due to soon decide on whether to drop its opposition to Fannie and Freddie taking part in a debt-forgiveness program.
Comments (1)
  • techtrol
    , contributor
    Comment (1) | Send Message
     
    I am not an expert by any means, but isn't it logical that these two GSEs be kept in place, repaired and monitored going forward to keep a potentially great system working. It seems like the government wants to close down a system that, in itself, the problem, but rather the people within that cause the issues in order to somehow show the voting public that have done something just to get re-elected. It seems that if they take down these entities, they will only introduce something else that will go in the same direction. It isn't the game, but the gamers that bring on these atrocities.

     

    I'm just sayin'
    31 Jul 2012, 10:22 AM Reply Like
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