Fannie Mae and Freddie Mac are the real ‘black holes’ in the financial regulation bill before Congress and they both need to be addressed, Robert Pozen, Chairman of MFS Investment Management, said this week. “They were too political volatile to handle and are not in the bill,” said Pozen who is a former vice chairman of Fidelity Investments. “But we need to get to them. Fannie reported an $8bn loss in the first quarter but the costs to them for the loans in the footnote of the report, were over $100bn. The $8bn may turn out to be just a drop in the bucket.”
Financial reform should address Fannie, Freddie: strategist
Most Popular Articles
Latest Articles
Financial planner: Reverse mortgages can help retirees with high property taxes
A financial planner says that a retiree confronted by rising property taxes might find a reverse mortgage helpful, according to MarketWatch.
-
MBA issues support for real estate finance bills debated by Congress
-
Supreme Court denies HomeServices’ petition in commission suit
-
Home prices kept climbing at a brisk pace in March: First American
-
California home sales sink in March
-
Proposal would allow Freddie Mac to acquire closed-end second mortgages