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Fannie, Freddie will run out of money by Jan. 1, 2018

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Mortgage Professional America | 19 Aug 2016, 08:15 AM Agree 0
The mortgage giants are running out of cash – and it seems no one can agree on how to fix the problem
  • Jim | | 19 Aug 2016, 11:36 AM Agree 0
    The stupidity of our politicians is beyond amazing. They pushed reckless behavior, they appointed reckless bureaucrats, and they refused to do their legal duties of oversite...and they continue to blame everyone else.

    Let Fannie and Freddie keep their profits now. What the politicians are doing now should be illegal.

    Let them keep their profits and let them go free to operate.
  • DML | | 19 Aug 2016, 05:36 PM Agree 0
    Understand the need during the recession to repay but we are far beyond the time limit to when Fannie and Freddie can go back to being self-sustaining entities. We are not a Socialist model, doesn't work in our country. They need to retain profits instead of letting politicians try to dole out these dividends to gerrymandering interest groups that fit their needs!
  • truthwillsaveus | | 20 Aug 2016, 02:53 AM Agree 0
    How a massive part if the US economy can experience a blatant conspiratorial fraudulent constitution-violating expropriation in broad daylight and with NO public outcry or media attention is mystifying to me.The truth must come out and justice must be done to save affordable mortgages and property rights in this country.
  • M. Meyer | | 20 Aug 2016, 08:35 PM Agree 0
    There is a HUGE public political win available for whomever can message the return of the GSE'S to full health.  With the current budget projections made by the White House, the Government could choose to obtain $150 Billion (approx.) from the right to exercise and purchase 80% of FNMA / FREDDIE through warrants received in 2008 and then sell their interest versus waiting ten years and continuing to fight numerous lawsuits. 

    House Member Mick Mulvaney's April, 2016 bill is smart to address this:

    Additional plans put forward in the last six months also utilize the value of the warrants:

     Pollack Glassman Plan

    Shapiro Plan:

    The NMRC plan expands the obligations / debt of the US Govt by trillions of dollars and does not use the warrants....This is an unrealistic outcome as many people are not a fan of bigger government and is unlikely to pass the US Congress:

    Even the recent plan by the former CFO of Fannie Mae discusses the warrants and the negative growth of the US Debt under this NMRC plan.

    Tim Howard Plan:

    The US Government is not going to forget about these warrants and neither should you.
  • | | 21 Aug 2016, 12:56 PM Agree 0
    All you need to know about the truth of this situation -

    HowardOnMortgageFinance dot com

    GSElinks dot com

    Our current government is among the most corrupt in the world.
  • HaloHat | | 21 Aug 2016, 01:03 PM Agree 0
    Want to know the whole story in depth -

    "The Mortgage Wars" - Author - J. Timothy Howard
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