tag:blogger.com,1999:blog-940142538364421402.post3285556649720081227..comments2024-03-02T02:30:55.592-08:00Comments on Bill Maloni's GSE Blog: Keep the GSE World in PerspectiveBill Malonihttp://www.blogger.com/profile/17459277100798719104noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-940142538364421402.post-16224462307518191452015-11-16T11:12:15.147-08:002015-11-16T11:12:15.147-08:00This is where it gets dicey, but I never thought t...This is where it gets dicey, but I never thought the GSEs needed the "$2.5 Billion" Treasury draw to be successful. Others may not agree.<br /><br />But, I think they can and should go forward without anything that says "federal guarantee or indicia of agency status," since the history of the institutions, alone, might tell the market the opposite.<br /><br />That may never happen, but that's what I would wish for if the Congress ever did a structural reform.<br /><br />Again, because of that history (the 2008 bailout when the law said Uncle Sam didn't stand behind the GSEs), no future mortgage market structure--where FRM's exist--may ever be seen as not guaranteed by the Treasury.<br /><br />But, we are talking about "what ifs."Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-41536262032487252862015-11-16T10:24:51.719-08:002015-11-16T10:24:51.719-08:00And severing perceived federal ties would mean?
pa...And severing perceived federal ties would mean?<br />paid-for explicit guarantee for specific mortgages?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-35654354078543648752015-11-16T10:07:02.173-08:002015-11-16T10:07:02.173-08:00I'm sorry Anon, I thought I commented on the p...I'm sorry Anon, I thought I commented on the proposal last week.<br /><br />I liked it but, no matter how it looks it faces the same environment I described in he blog today.<br /><br />It's as good a way as any to go, but the best approach in my view is some slight alterations in the current F&F mechanism--including severing most of the perceived federal ties, but not the regulation--and letting them perform.<br /><br />If the market embraces them--as I think it will--that will be the best test of their strength and capacity to continue supporting the primary mortgage market through their secondary market actions.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-61215826881353518642015-11-16T09:31:54.075-08:002015-11-16T09:31:54.075-08:00Thanks for the less gloomy article.
Links aside, ...Thanks for the less gloomy article.<br /><br />Links aside, no comments on the B.Shapiro-E.Kamarck paper? I thought it was very detailed regarding how low income households could benefit by State and segment should the companies are recapitalized the way they propose. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-64280947243250043782015-11-16T08:08:13.656-08:002015-11-16T08:08:13.656-08:00Thatks GB.
Reportedly, BB threw for more yards th...Thatks GB.<br /><br />Reportedly, BB threw for more yards than any non-starting QB in NFL history, coming in as a relief QB.<br /><br />Back to GSE stuff.<br /><br />I feel like a seer. I write about more GSE attention trending and today's Wash Post has this Samuelson positive op-ed piece.<br /><br />https://www.washingtonpost.com/opinions/why-fannie-mae-and-freddie-mac-survived/2015/11/15/86cba904-8a20-11e5-9a07-453018f9a0ec_story.htmlBill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-70279729559376868222015-11-16T07:39:06.811-08:002015-11-16T07:39:06.811-08:00Bill, as always, good "stuff" and thanks...Bill, as always, good "stuff" and thanks for your weekly efforts!<br /><br />Here's hoping something real comes from the "Corky Inquisition".<br />_____________________<br /><br />Ben, you are a god amongst men! G. Buckmannoreply@blogger.com