Fannie Mae and Freddie Mac ensure two skills: underwriting and a highly skilled hedging operation that could maneuver adeptly as interest rates changed. If this is taken away and the government backs leaves, no system of private capital is going to continue making 30-year mortgage loans, at least that is what Joe Nocera argued in a column with The New York Times.
Killing Fannie, Freddie kills the 30-year mortgage
GSEs offer irreplaceable skills
Most Popular Articles
Latest Articles
Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit
Ginnie Mae admits only to core facts of the case, denying all allegations, “inferences, arguments, and legal conclusions” in the complaint.