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There's a mortgage monopoly the US government wants to keep

By errc following x   2017 Aug 25, 2:36pm 177 views   2 comments   watch   quote     share

Will Trump act on FNMA and remove it from conservatorship?

1 errc   2017 Aug 25, 2:37pm   ↑ like (0)   ↑ dislike (0)     quote

Fannie Mae and Freddie Mac (the GSEs, or "government-sponsored enterprises") were already well past having paid back taxpayer bailouts before this week's earnings releases. Freddie Mac has paid back $36.9 billion more than it drew from taxpayers and the number is $46.6 billion for Fannie Mae. Both have capital buffers at the moment, but those are slated to be drawn down to $0 by the beginning of 2018. Neither the GSEs nor their overseer the FHFA are too thrilled about that.

2 APOCALYPSEFUCK_is_ADORABLE   2017 Aug 25, 2:47pm   ↑ like (1)   ↑ dislike (1)     quote        

Mortgages are for CUNTS! and speculators!


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