Senate banking leaders sketch out Fannie, Freddie bill

Comments (4)
AlkalineState wrote:

Yesterday’s News: Fannie, Freddie to return 10-fold return on investment to taxpayers (180 billion dollars).

Today’s News: “The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac.”

Of course they are. Anything working that good, MUST be transferred to private hands.

Mar 11, 2014 11:43am EDT  --  Report as abuse
wlarimer wrote:

“Some analysts said placing more of the burden of losses on private investors would lead to a shrinking of the $10 trillion U.S. mortgage market.”
I’d say that is the ONLY way to get residential R/E values back down to a reasonable level of affordability. If a 60k/yr. buyer ends up with more than a 90k mortgage, they have too much house, right? When the free market is re-instituted with real responsibility to repay and lenders are allowed to refuse loans to buyers without means, prices will necessarily drop to levels consistent with the lowered ability of globalized American’s ability to truly afford their home. Back to the days of homebuilts, and 2-bedrooms for lot’s of working peons, and a darn good solution.

Mar 11, 2014 3:59pm EDT  --  Report as abuse
actnow wrote:

The government should regulate loans, not provid them. Too many incentives for corruption…as we’ve seen time and again. What’s next, government loans for cars or businesses?

Mar 11, 2014 4:59pm EDT  --  Report as abuse
dgss36a wrote:

Too many too large footprint poorly built overpriced homes that sprawl into arable land that make sense only for large families for only ten to fifteen years. Profligate use of resources leveraged on diminishing quality of life of descendants.

Mar 12, 2014 1:30pm EDT  --  Report as abuse
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