0
0

There's a mortgage monopoly the US government wants to keep


 invite response                
2017 Aug 25, 2:36pm   1,691 views  1 comment

by null   ➕follow (0)   💰tip   ignore  

https://finance.yahoo.com/news/theres-mortgage-monopoly-u-government-100000054.html

Will Trump act on FNMA and remove it from conservatorship?

Comments 1 - 1 of 1        Search these comments

1   anonymous   2017 Aug 25, 2:37pm  

http://www.mortgagenewsdaily.com/08032017_gse_financial_results.asp

Fannie Mae and Freddie Mac (the GSEs, or "government-sponsored enterprises") were already well past having paid back taxpayer bailouts before this week's earnings releases. Freddie Mac has paid back $36.9 billion more than it drew from taxpayers and the number is $46.6 billion for Fannie Mae. Both have capital buffers at the moment, but those are slated to be drawn down to $0 by the beginning of 2018. Neither the GSEs nor their overseer the FHFA are too thrilled about that.

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions