WSJ on Fannie and Freddie

[j]

What if the dollar collapses? Too late, it is in free fall.

Looks like that is the Fed’s plan to help the banks and pension plans. The collapse of pension plans will be a big story in the next few months (audits start in Jan). Many of those are government pension funds that tax payers will be bailing out. Most cities and States will have financial issues like San Diego had, and San Diego will get much worse.

The Governator has already called for a 10% budget cut next year.

[4plexowner]

OFHEO director James Lockhart talking about Fannie and Freddie – the OFHEO wants to take over as manager of the two GSEs
http://www.cnbc.com/id/15840232?video=597801503&play=1

Mr Lockhart says that Fannie and Freddie backed 40% of all mortgages in 2006 – by 3rd quarter 2007 they were backing 60% of all mortgages and in October they backed 70% of all mortgages – I was surprised that the GSEs have such a large presence in the world of mortgage financing

Is this dramatic growth in market share occurring because 189 mortgage lenders have stopped lending (http://ml-implode.com/) or is there something else going on as well?

[4plexowner]

OFHEO director James Lockhart talking about Fannie and Freddie – the OFHEO wants to take over as manager of the two GSEs
http://www.cnbc.com/id/15840232?video=597801503&play=1

Mr Lockhart says that Fannie and Freddie backed 40% of all mortgages in 2006 – by 3rd quarter 2007 they were backing 60% of all mortgages and in October they backed 70% of all mortgages – I was surprised that the GSEs have such a large presence in the world of mortgage financing

Is this dramatic growth in market share occurring because 189 mortgage lenders have stopped lending (http://ml-implode.com/) or is there something else going on as well?

[4plexowner]

OFHEO director James Lockhart talking about Fannie and Freddie – the OFHEO wants to take over as manager of the two GSEs
http://www.cnbc.com/id/15840232?video=597801503&play=1

Mr Lockhart says that Fannie and Freddie backed 40% of all mortgages in 2006 – by 3rd quarter 2007 they were backing 60% of all mortgages and in October they backed 70% of all mortgages – I was surprised that the GSEs have such a large presence in the world of mortgage financing

Is this dramatic growth in market share occurring because 189 mortgage lenders have stopped lending (http://ml-implode.com/) or is there something else going on as well?

[4plexowner]

OFHEO director James Lockhart talking about Fannie and Freddie – the OFHEO wants to take over as manager of the two GSEs
http://www.cnbc.com/id/15840232?video=597801503&play=1

Mr Lockhart says that Fannie and Freddie backed 40% of all mortgages in 2006 – by 3rd quarter 2007 they were backing 60% of all mortgages and in October they backed 70% of all mortgages – I was surprised that the GSEs have such a large presence in the world of mortgage financing

Is this dramatic growth in market share occurring because 189 mortgage lenders have stopped lending (http://ml-implode.com/) or is there something else going on as well?

[4plexowner]

OFHEO director James Lockhart talking about Fannie and Freddie – the OFHEO wants to take over as manager of the two GSEs
http://www.cnbc.com/id/15840232?video=597801503&play=1

Mr Lockhart says that Fannie and Freddie backed 40% of all mortgages in 2006 – by 3rd quarter 2007 they were backing 60% of all mortgages and in October they backed 70% of all mortgages – I was surprised that the GSEs have such a large presence in the world of mortgage financing

Is this dramatic growth in market share occurring because 189 mortgage lenders have stopped lending (http://ml-implode.com/) or is there something else going on as well?

[Author]

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