online.wsj.com - 11/11/2008
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WASHINGTON -- Fannie Mae , Freddie Mac and U.S. officials are expected to announce plans Tuesday to speed up the modification of hundreds of thousands of loans held by the housing finance giants, marking the latest effort to try and prevent more foreclosures, people familiar with the matter ...
krugman.blogs.nytimes.com - 11/17/2008
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krugman.blogs.nytimes.com —
So I was listening to Arnold Schwarzenegger before
doing the This Weak round table, and he was...
mostly making sense - except for one thing. He asserted, as a simple matter of fact, that "government created the housing bubble", because Fannie and ...
(more)
Fannie Freddie Phony
econompicdata.blogspot.com - 11/11/2008
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econompicdata.blogspot.com —
Fannie Mae lost a reported $29 Billion in
Q3. Over the past 7 quarters, they have now...
lost ALL earnings associated with the housing boom. But after the $100 Billion Treasury injection and a variety of new liquidity facilities, the future must look ...
(more)
Fannie: Going Concern, but I am Getting Concerned
calculatedrisk.blogspot.com - 11/11/2008
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calculatedrisk.blogspot.com —
From the WSJ: Fannie, Freddie Work on Mass
Loan Modification Plan Fannie Mae, Freddie Mac and U.S....
officials are expected to announce plans Tuesday to speed up the modification of hundreds of thousands of loans ... The streamlined effort will target ...
(more)
Fannie, Freddie to Present Loan Mod Plan at 2PM ET
Comments
Blog Reactions
Mark-to-Modified Market (the Home Game Version)
The Big Picture —
... decreases?
I have been saying that home prices are way too elevated to eliminate much of the supply problem. This is going to be a giant deflationary shift in one swift stroke of the pen.
How can this be measured?
>
Previously:
Fixing Housing & Finance: 30/20/10 Proposal (September 2008)
http://www.ritholtz.com/blog/2008/09/fixing-housing-finance-302010-proposal/
Sources:
Fannie, Freddie Work on Mass Loan Modification Plan
Details to Be Unveiled by GSEs, ...
Fannie, Freddie to Present Loan Mod Plan at 2PM ET
Calculated Risk —
From the WSJ: Fannie, Freddie Work on Mass Loan Modification Plan Fannie Mae, Freddie Mac and U.S. officials are expected to announce plans Tuesday to speed up the modification of hundreds of thousands of loans ... The streamlined effort will target certain loans that are 90 days or more past due ... The program will aim to bring the ratio of mortgage payments for these homeowners to 38% of their income by modifying interest rates and in some cases forgiving portions of principal debt ... The announcement is expected to come at a press conference at 2 p.m. at ...
Loan Mods
Bear Mountain Bull —
... to keep housing prices propped up struggling homeowners in their homes. Details later . Here’s a little info from the WSJ: The streamlined effort will target certain loans that are 90 days or more past due. The program will aim to bring the ratio of mortgage payments for these homeowners to 38% of their income by modifying interest rates and in some cases forgiving portions of principal debt. Borrowers would have to provide a statement or affidavit showing that they have encountered some sort of hardship that has impacted their ability to pay their mortgage. It would only ...
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Fannie and Freddie Did Not Cause the Crisis
delong.typepad.com 11/20/2008 — Once again, Richard Green's refutation of the right-wing hack claim that Fannie and Freddie caused the crisis by leading poor private-sector financiers to make stupid loans:
Richard's Real Estate and Urban Economics Blog: Charles Calomiris and ...
What to do about Fannie Mae and Freddie Mac?
woodwardhall.wordpress.com 1/27/2009 — Here are our recommendations. A discussion follows.
The GSEs should be preserved, mainly because they are the most effective institutions for providing liquidity to the mortgage market. Most mortgage investors, including depositories, prefer ...
Freddie Seeks Up to $35 Billion From U.S.; Fannie May Follow
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Fannie, Freddie to Buy $40 Billion a Month of Troubled Assets
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What’s Driving the Rally in Freddie and Fannie - MarketBeat
blogs.wsj.com 8/10/2009 — Crazy twins Fannie Mae and Freddie Mac are surging Monday. The residential-mortgage companies were lately up 36% and 78%, respectively, though stocks are down on the whole. Freddie recently surprised with a quarterly profit, its first in two years. ...
Fed Buys $5 Billion of Fannie, Freddie, FHLB Debt (Update2)
bloomberg.com 12/5/2008 — Dec. 5 (Bloomberg) -- The Federal Reserve bought $5 billion of Fannie Mae, Freddie Mac and Federal Home Loan Bank corporate debt under a new program aimed at reducing mortgage costs. The central bank acquired bonds with maturities between December ...
Freddie Mac redoubles loan modification efforts
hf-implode.com 10/13/2009 — " Freddie Mac, a dominant provider of housing finance money, sees tough times ahead for the U.S. residential market, even as government programs seek to soften the foreclosure crisis, two top Freddie executives told Reuters."
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