What We're Hearing

Over the weekend I got a chance to closely review the Congressional Research Service's recent round-up of the options for the future of Fannie Mae and Freddie Mac. The report estimates that the government could reap $8 billion to $9 billion in annual stock dividends from these two. Of course, if Fannie and Freddie continually need cash infusions to maintain a positive net worth, that money is just going out the back door any way. From reading the report one thought sticks in my head: no matter what option Congress (and the White House) chooses, no one is going to be happy. There are so many 'pros and cons' to weigh that it seems doubtful that anything will get done next year as well. Meanwhile, we're still waiting on the Federal Reserve to release its annual Home Mortgage Disclosure Act findings. What seems to be the hold up, guys? Meanwhile, the top 400 lenders are ranked in the new MortgagStats.com product. For more information, send a note to: Delores.Stokes@SourceMedia.com...