All Posts Tagged With: "prime"
Fannie Mae & Freddie Mac — How Are They Really Doing?
How well are Fannie Mae and Freddie Mac doing? Better than most news reports might suggest. Testifying before the House Financial Services Committee, the chief regulator of Fannie Mae and Freddie Mac, James Lockhart, testified that the two companies own or guarantee 56% of the single family mortgages in this country or $5.4 trillion. Lockhart [...]
4Jun2009 | Peter G. Miller | 2 comments | Continued
Toxic Loans Threaten Home Values
Stashed away amid the tons of paperwork generated each day in Washington — reading which no one argues is a threat to Shakespeare — is HUD’s 2007 Budget Summary, a document which ought to make a lot of people take notice. “Congress recognizes that today’s high cost loans negatively impact consumers, communities, and the economy. [...]
18Sep2008 | Peter G. Miller | 0 comments | Continued
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