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Winding down state-sponsored mortgage finance will be easier said than done, as Fannie Mae...

Winding down state-sponsored mortgage finance will be easier said than done, as Fannie Mae purchased $81.9B mortgages in July, nearly double the amount from a year ago. The growing business for the GSEs is another signal housing is rebounding, but exactly how do politicians expect to replace them?
Comments (4)
  • The_Hammer
    , contributor
    Comments (3827) | Send Message
     
    Here we go again. How much crap is piled into that portfolio?

     

    This S@#! has got to stop.

     

    FHA been a busy camper writing delinquent loans.
    31 Aug 2012, 02:42 PM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    Fannie Mae, reverse mortgages, bankers and politicians blowing another bubble to get their bonuses and get elected.

     

    If they were feeding our children and grand-children into a meat grinder in front of our eyes we would stop them: shoot them, hang them, behead them.

     

    Somehow - we allow ten to twenty years of our somnambulance and their legerdemain to pass - and the same thing happens to our children and grandchildren in needless wars, on the decaying streets of our cities, and in the death of the middle class - we re-elect the charlatans, and allow the vampires to roam free.

     

    Where is Jon Corzine?
    1 Sep 2012, 05:24 AM Reply Like
  • Jerbear
    , contributor
    Comments (566) | Send Message
     
    Investment advice - Buy the 3 B's.

     

    Beans, Bullion and Bullets.
    1 Sep 2012, 09:40 PM Reply Like
  • worriedwart
    , contributor
    Comments (678) | Send Message
     
    you do know that freedie and fannie have been nationalized

     

    this seems to be ignored in the msm
    1 Sep 2012, 10:12 PM Reply Like
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