One industry partisan that I know recently predicted that Fannie Mae and Freddie Mac very likely will earn at least $20 billion each year (combined) for as far as the eye can see. In other words: the ‘bad old days’ are a thing of the past for the two. Unfortunately, the carnage caused by the GSEs buying crappy loans has blown a $100 billion hole in the U.S. Treasury. But at $20 billion a year the debt can be repaid in five years. Here’s something to think about: should they be given a second chance – but with strict limitations on what they can do? Something to think about…
Should Fannie Mae and Freddie Mac be Given a Second Chance?
NOV 8, 2012 12:27pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
- Capsilon Announces Growth Investment from Francisco Partners
- Wells Fargo Approves Hybrid eClosings on Pavasos Digital Close Platform
- Arbor Bank Selects Pavaso Digital Close Platform
- DocMagic Announces eQC Automated Due Diligence Solution for Investors and Correspondent Lenders
- Simplifile Signs On 22 Additional Counties in Midwest, West Coast regions