Is The Crisis Abated?
On Sunday I shared some initial thoughts about the Fed take-over of Fannie Mae and Freddie Mac. If you read it, you know I’m not exactly happy about the outcome. My friend Bithead shared some great thoughts Monday, and I don’t disagree that something...
Government Mortages: The New Balancing Act
Today US Treasury Secretary Henry Paulson announced plans for the new Federal Housing Finance Agency (FHFA) to take Freddie Mac and Fannie Mae into conservatorship. The power to do this was provided in HR 3221 which was passed in July. The move includes replacement...What A Week: Housing
By now you probably know that both Freddie Mac and Fannie Mae have had very poor quarterly reports. Worse than expected. And now we’re in for worse trouble. Money is now expected to be tighter as we roll into the fall and home buying will continue to be slow...The Housing Bill Is Law
As expected, President Bush signed HR 3221 into law this morning, making billions of federal dollars available to home owners, shoring up Fannie Mae and Freddie Mac, and providing closer oversight of the financial aspects of home ownership to the Administration and...Stay in Touch
