Tag:
GSE
Latest Headlines
Latest Headlines
Mortgage market prognosis: Little change
For all the angst in the mortgage market since the financial crisis tanked the economy, we have yet to really find any consensus about an all new market structure.
The problems of the past were obvious in hindsight. We can point to Fannie Mae and Freddie Mac and their gross excesses. We can po
A muddled, unsatisfying end to the GSE saga?
So are Fannie Mae and Freddie Mac victims or perpetrators of the one of the great financial frauds in recent memory?
Judging from the spate of regulatory activity, the only conclusion is that they were both. This is not the kind of conclusion that anyone will find wholly satisfying. There
MERS changes to survive
We noted recently that it looks like MERS will survive. But it will certainly not be the same firm that caused some much controversy over the last few years.
The firm, of course, was designed to ease the paper burden of secondary market mortgage sales-the DTCC of the mortgage-backed market-bu
Fannie Mae, Freddie Mac's role in foreclosure fiasco
The role of Fannie Mae and Freddie Mac in the foreclosure fiasco has been largely overlooked-until now. The Washington Post weighs in with a thoughtful look at how they "shaped the practices being challenged in courtrooms around the country. They picked law firms that could foreclose fast and
Private-label MBS debt looms as huge risk
We've noted that Fannie Mae and Freddie Mac are the best positioned of all MBS holders to force buybacks of mortgages and MBS. Indeed, they have already put back more than $13 billion in questionable mortgages. That number will likely go up, perhaps as high as $30 billion, according to Compass Poi
Morgan Stanley finding leads to Fannie, Freddie drama
Morgan Stanley was the low bidder in the Treasury's auction to find a top Wall Street adviser on GSE-related issues. It ended up making a stunning discovery: Freddie Mac's capital position was worse than initially thought, reports the New York Times . The GSE made decisions that were legal, but
