From the WSJ: U.S. Uncaps Support for Fannie, Freddie
The Treasury said it would provide capital as needed to Fannie Mae and Freddie Mac over the next three years, in a move aimed at soothing investors’ concerns about the government’s continued…
Meredith Whitney expressed concern about what will happen when the Fed stops buying GSE MBS by the end of the first quarter 2010. From Bloomberg: Meredith Whitney Says Bank Stocks Are ‘Grossly’ Overvalued
The Federal Reserve has begun slowing purchases in the…
From San Francisco Fed Senior Economist John Krainer: Recent Developments in Mortgage Finance
As the U.S. housing market has moved from boom in the middle of the decade to bust over the past two years, the sources of mortgage funding have…
Larry Kudlow asked me to come on the Kudlow Report last night to discuss the looming ruin of the FHA.