patrick.net

"The housing market is improving, he said. Fannie, Freddie and the Federal Housing Administration are strengthening their balance sheets while funding much needed financing to clear the excess inventory left over from the bubble. But even down the road, large investors stateside and abroad will be unlikely to return without some sort of government guarantee, he said."

Since when is the FHA strengthening their balance sheet?

"Proposals from the Mortgage Bankers Association, the National Association of Realtors, and borrower groups such as the National Community Reinvestment Coalition each back plans putting private capital in a first loss position but still involving some sort of guarantee from the government."

Big surprise there.

Michael D:" putting private capital in a first loss position but still involving some sort of guarantee from the government."

I'm sure there aren't any Conservative Republican involved or in any way support this Socialist scheme.

I would even vote Republican if these guys would actually do away with Fannie and Freddie.

But I don't believe it.

StillLooking, agreed I might actually vote for them if I thought they would actually do any of the things they say. But I fell for that stuff too many times.The problem is, the things from their platform that I want them to do least are those things that they are most likely to champion in office. Things like winding down Fannie and Freddie are things they only say in the campaign.