Showing posts with label Fannie Mae. Show all posts
Showing posts with label Fannie Mae. Show all posts
Monday, July 25, 2022

Institutional investors have bought up 20% of mobile home parks and jacked up the rents on the low income residents, devouring widows' houses

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  The plight of residents at Ridgeview is playing out nationwide as institutional investors, led by private equity firms and real estate inv...
Monday, October 10, 2016

In correcting the fallible bureaucrats Kyle Smith also gets the homeownership rate wrong: It's as low as in 1965

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Here : And 80 percent of [bureaucrats] guessed that the rate of home ownership is lower than it is: 67 percent.  With all of this unde...
Sunday, February 15, 2015

Gretchen Morgenson smells a rat: Fannie/Freddie bailout cost us nearly $188 billion, but Treasury rakes in the profits

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Gretchen Morgenson for The New York Times, here : For decades, the companies had maintained that their mortgage operations posed no ri...
Monday, January 6, 2014

"Ben Bernanke Has An Almost Unbroken Record Of Being Wrong"

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Bye Bye Ben. Seen here : Ben Bernanke has an almost unbroken record of being wrong. In 2006, at the zenith of the housing bubble, he told Co...
Friday, August 31, 2012

Amity Shlaes Thinks The Mortgage Interest Deduction Is The Only One Distorting Markets

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Amity Shlaes is in full-throated opposition to the mortgage interest deduction, here : The distortion of the housing market, we now know, st...
Tuesday, July 24, 2012

Right On Schedule, Obama's Pals In FIRE Start To Snap Up Your American Dream

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Having unleashed all that pent up capital in the American dream of home equity, skimmed it, and tag-teamed it, leaving you underwater and br...
Wednesday, July 11, 2012

About 42 Percent Of Today's $10.2 Trillion Mortgage Market Is Still Private Label

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That's the story from Diana Olick at CNBC.com, here : Government-backed mortgages (Fannie Mae, Freddie Mac, Ginnie Mae) accounted for 58...
Wednesday, June 27, 2012

European Project Has Been Hijacked To Prop Up Insolvent Banks

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So says an angry Irishman, Declan Ganley, who is none too happy that despite being in an economic depression, Ireland continues to bailout f...
Saturday, March 10, 2012

The Opposite of Transparency: Obama Regime Claims GSEs Exempt from FOIA

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From an editorial on the subject  here : Judicial Watch sought those documents because the FHFA claimed in a separate lawsuit against the 17...
Monday, November 28, 2011

Big Banks Got Rock Bottom Cheap Loans of $1.2 Trillion on Worst Day in Dec. 2008, and Limbaugh Denies They Were Bailed Out

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TARP was meant as a diversion from the real action going on behind the scenes, and the diversion is still working on the dunderheads like Ru...
Wednesday, November 9, 2011

New Losses at Fannie Mae and Freddie Mac Boost Bailout Total by Taxpayers to $169 Billion

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With no end in sight. Story here at Reuters.
Wednesday, November 2, 2011

Fannie Mae and Freddie Mac Have Now Cost the Taxpayers $141 Billion

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The latest cost figures are reported in The Wall Street Journal,  here .
Sunday, October 16, 2011

Bailed Out GSEs Send 87 To Mortgage Bankers Association Annual Convention, Spend At Least $227,000 Of Your Tax Money For Fling In Chitown!

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The New York Times has all the gory details here .
Friday, October 7, 2011

Rush Limbaugh Says The Banks Were Victims, The Bailouts A Success!

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And the Tea Party got all hot and bothered over what, exactly? Santelli's rant against the $75 billion mortgage bailout program called H...
Thursday, September 8, 2011

'We had to save the banks in order to sue them'

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Jonathan Weil gets off a good one here , concluding how ridiculous was bailing out the banks in the first place: The government has so many ...
Wednesday, August 24, 2011

HUD Secretary Shaun Donovan, Clinton Retread, Pushes For Bank Immunity Deal

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Robert Scheer for The Nation: It is a sellout deal that, in return for a pittance of compensation by banks to ripped-off mortgage holders, w...
Friday, August 5, 2011

Fannie Mae Follows First Quarter $8.7 Billion Loss With $5.2 Billion in Second

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Bailouts to date: $104 billion. Story here .
Wednesday, June 29, 2011

Liberals Blame Bill Clinton for Housing Bubble

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The Financial Crisis Inquiry Commission, under Phil Angelides who had a testy, partisan, op-ed in The Washington Post yesterday, in its rep...
Saturday, June 11, 2011

Guarantees Implicit Under Dodd-Frank Hand Big Banks Billions in Borrowing Advantages at Taxpayer Expense

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So says John Carney here , calling Bank of America, Citigroup and Wells Fargo, among others, our new Fannie Maes and Freddie Macs.
Monday, June 6, 2011

Congressional Budget Office Puts Fannie/Freddie Bailout at $317 Billion

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The regime's Office of Management and Budget says it's $130 billion, net of certain repayments, apparently, totaling $34 billion. St...