Stegman doubles down: White House will not recapitalize Fannie, Freddie

The recent push to recapitalize Fannie Mae and Freddie Mac and release them from conservatorship is misguided. Proponents of the "recap and release" proposal claim homeowners and taxpayers would benefit if the federal government ceded control of the mortgage finance giants to private shareholders.

Modified seriously delinquent loans hold strong during mortgage crisis  · Fannie Mae (formerly the Federal National Mortgage Association) and the Federal home loan mortgage corporation (freddie mac) were chartered by Congress and are regulated by federal agencies and, since 2008, have been in conservatorship with the federal government.

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NY Times Uncovers Fannie Freddie White House Scandal !! GSEs’ Recap and Release’ Touted by Former White House Advisors. ending its quarterly claim on profits earned by Fannie and Freddie, thereby allowing future earnings to bolster the GSEs.

Trying to make the presidency not responsive to Congress, trying to make the presidency into a monarchy, it’s absolutely unacceptable and we’ll take whatever action we have to do to deal with.. Stegman doubles down: White House will not recapitalize Fannie, Freddie. Fannie Mae.

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* The White House won’t support plans to recapitalize Fannie Mae and Freddie Mac because they don’t address core concerns over having two large entities dominate the nation’s $10 trillion mortgage market, said the president’s top economic adviser.

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Stegman doubles down: White House will not recapitalize Fannie, freddie posted october 29, 2015 / No comments For the second time in less than a fortnight, a senior official from the obama administration has said, unequivocally, that the White House will not support ending the conservatorship of Fannie Mae and Freddie Mac by recapitalizing the.

University of California regents sue AIG over subprime mortgages The funds, including the Regents of the University of California, claim AIG lied to investors from about 2006 to 2008 about the risks to which the company was exposed. One of the funds that opted.CoreLogic: Underwater mortgages back above 11 million in 4Q Underwater with your mortgage? You’re not alone. Are you underwater with your mortgage? You’re not alone. According to the latest figures from CoreLogic, 10.8 million, or 22.5 percent, of all residential properties with mortgages were in negative equity at the end of the third quarter of 2010, down from 11 million and 23 percent in the second quarter.

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