With DeMarco out the Way at FHFA, it’s Back to Business as Usual

Whether these policies are “misguided” or “guided by a higher power” ( i.e. wall street bankers), it is clear that the Obama Administration has no intentions of correcting any of the problems that led to the 2008 housing crisis.

Fannie and Freddie Mortgage Write Downs – Another Bailout For Big Banks

Fannie and Freddie regulator Edward DeMarco, the acting Director of FHFA, is taking a lot of heat for his reluctance to write down first mortgages for underwater homeowners. But DeMarco is rightly pointing out that the push to write down the first mortgages is merely a form of protectionism for the four largest banks in the U.S. – JP Morgan Chase, Wells Fargo, Citigroup, and Bank of America.

Fannie and Freddie Could Raise Fees in 2012

Analysts believe that the government may need to charge higher fees to lenders and increase mortgage insurance from borrowers in order to guarantee loans when they go ahead and overhaul Fannie Mae and Freddie Mac – a move that could lead to increased borrowing costs. The government is trying to boost competitiveness within mortgage markets,

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