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Fannie, Freddie declining profits revive push for housing reform

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Mortgage Professional America | 25 Feb 2015, 07:45 AM Agree 0
Concerns over the GSEs weak earnings “should serve as a wake-up call to Congress to move quickly to advance housing finance reform,” according to NAHB chairman.
  • R A | | 25 Feb 2015, 09:09 AM Agree 0
    The GSE's need to be released from conservatorship, or at a minimum, the payment to the treasury needs to stop. Both need to be capitalized to ensure that they have liquidity to provide mortgages. Who they are providing mortgages to should be decided by the GSE's , not by the government
  • John | | 25 Feb 2015, 09:41 AM Agree 0
    It was $187.5B NOT 197.5B. GSE have paid $38B more than it received $187.5B. Treasury should stop stealing 100% the profit from GSEs. It should be released and let them recap using profit. Once recap is done, GSE should be relisted. Then government can take away exclusive guaranty to the MBS of GSE so that taxpayer is liable for it.

    GSE was forced into conservatorship even though GSEs were not in brink of bankruptcy. It's written in book by treasury secretary Paulson. Even government lawyer in Iowa case accepted that GSEs had more than required money $60B at the time of conservatorship. So why conservatorship was forced on GSE - simple to give back door bailout to Goldman Sucks (blood of American middle class).
  • Michael | | 25 Feb 2015, 11:36 AM Agree 0
    It's a shame when the actions of our government are teaching our citizens that's it's okay to ignore the rule of law and then take what you want by changing the rules of the game halfway through it. It's nothing short of grand theft. What would our forefather's think? Shame-shame!
  • Stop stealing | | 25 Feb 2015, 10:43 PM Agree 0
    The GSE's were forced to purchase 40 billion dollars in toxic private sector MBS a month by the Treasury in 2008. The 'bailout' should have never involved the GSE's. Said 'bailout' has been paid back and the Treasury still prevents publicly traded companies from building any capital.

    100% corporate tax on Fannie Mae and Freddie Mac.

    This situation is not a sustainable one for our housing market and is not a sustainable one for property rights and investment principles in the United States
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