Articles Tagged with ''Mortgage GSE controversy''

The Distraction Behind the Delisting of Fannie Mae and Freddie Mac

For the long suffering shareholders of the GSEs, Fannie Mae and Freddie Mac, the news of the FHFA directive to delist from the NYSE and other exchanges likely feels like the last nail in the coffin. For them, it just might be. But for mortgage finance it's proving to be little more than a distraction. To use the words of Bert Ely, of the monetary consultancy firm Ely & Company: "It's no big deal."
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When it Comes to Mortgage Finance, Who's in Charge Here?

There is a close-to-truth joke currently circulating around the HousingWire newsroom. Spoiler alert: It's not funny. OK, stop me if you've heard this before: A spaceship lands in the States during the last quarter of 2007 and the alien aboard demands, "take me to your leader, the one who leads your mortgage markets." Everyone responds by pointing the finger to someone else: "He's the leader." "No, I'm not the leader--she's the leader." And so it goes.
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Plan B? For the GSEs, There Might Not Even Be a Plan A

February 1 came and went -- was it 15 days ago already? That was when the Obama administration said it would proffer up some details as to its thinking for the future of the GSEs, Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock], to be part of the overall federal budget proposal. Instead, we got one measly sentence that managed to say nothing at all.
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