Tags: Bailout + Economy + Fannie Mae + Fed + GNMA + investing + Treasury
Wouldn’t you think that in all the hearings before Congress somehow we would hear mention of the Government National Mortgage Association (GNMA), the mortgage behemoth that is a direct obligation of the US Government? After all GNMA guarantees only moderate income and Sub-prime loans and these are the mortgages with the highest loan default rates. […]
September 29, 2008 - Economy, Markets, Politics - 0 Comments
Tags: 2008 Election + Bailout + Deficit + Fannie Mae + Ginnie Mae + Treasury + US Dollar
Federal Reserve Chairman Bernanke and Treasury Secretary Paulson have proposed what they say is a comprehensive bailout plan that promises to restore the US financial system to health.
A key component of their plan is to overpay for US banking assets with hopes that down the road, time will bail us out when the crisis passes […]
September 25, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Congress + elections + Fannie Mae + FNMA + Freddie Mac + Ginnie Mae + GNMA + Gold + Inflation + Paulson + Treasury + wall street + Washington
The “adequately capitalized” Fannie Mae and Freddie Mac were placed in conservator-ship this weekend by the US Treasury. Under the terms of the takeover, the government took a subordinated position behind the mortgage-backed and senior debt holders, received a
September 8, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Fannie Mae + Fed + Fredie Mac + Ginnie Mae + Sallie Mae + Treasury
At the twilight of the receivership of Fannie Mae and Freddie Mac one can only wonder why the wait. The $5 trillion in mortgages guaranteed by these government sponsored entities consist of many “Liar” (stated income with no verification) or “Ninja” (no income no assets)
August 23, 2008 - Markets, Politics - 0 Comments
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