Wednesday, July 23, 2008

Feds, Housing Industry Have Always Been In Bed Together

Fannie and Freddie dwell in a particularly odd space. Both enterprises were originally created by the federal government to provide liquidity in the mortgage market. They do this primarily by purchasing conforming loans from originating lenders, and either holding them or bundling them to back securities that are then resold to investors.

read more | digg story

No comments:

3-27-2024

  Donald Trump is now selling $60 'God Bless the USA' Bibles ahead of Easter. Judge sends strong message about Elon Musk's attac...