tag:blogger.com,1999:blog-940142538364421402.post7515230281830116331..comments2024-03-02T02:30:55.592-08:00Comments on Bill Maloni's GSE Blog: What me worry??Bill Malonihttp://www.blogger.com/profile/17459277100798719104noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-940142538364421402.post-25904905487845324422010-01-23T16:09:11.449-08:002010-01-23T16:09:11.449-08:00Again, I am not predicting that will occur, certai...Again, I am not predicting that will occur, certainly not in 2010.<br /><br />But, you wouldn't need 8,000 employees (roughly those in both F&F) to operate a "Ginnie Mae" for conventional mortgage loans.<br /><br />But, during Mr. Frank's hearings, I expect many groups/individuals to call for just that, ignoring the details of how you go from here to there or the systemic reality.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-65550269384212037022010-01-23T06:52:11.286-08:002010-01-23T06:52:11.286-08:00Very funny....the Obama administration instead of ...Very funny....the Obama administration instead of creating jobs will create 8,000 new unemployed (the GSEs workforce) in the Washington area and across the nation. That's what I call good government.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-89028468525542185592010-01-22T21:49:46.928-08:002010-01-22T21:49:46.928-08:00You just made the same point as four mortgage prof...You just made the same point as four mortgage professionals--playingn at my monthly poker game--made tonight.<br /><br />It's not Fannie and Freddie perse that are important, it is the mortgage function they perform. For 40 years (in Fannie's case), they have been dedicated mortgage investors who will buy loans from hundreds of lenders across the country when they conform to the companies' underwriting guidelines.<br /><br />No matter what the congressional committees do, they will come back to the fact that no lender is going to risk truly private capital and lend for and hold a 30 year fixed rate mortgages, without charging huge premiums. That means--if left to their own devices-- lenders will insist on making adjustable rate mortgages (ARMs), and likely still charge premiums for the risk in holding those loans.<br /><br />The nation's lending community is just very risk adverse. It will take years to unwind that super cautious behavior.<br /><br />I have no doubt thta Mr. Frank can come up with some ideas which seem unique, but don't be surprised if they are politically impractical or still involve the federal government in some role.<br /><br />That is why I think the Congress/Administration would be better off looking to restructure Fannie and Freddie and move forward that way.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-84376636439244639972010-01-22T14:54:30.532-08:002010-01-22T14:54:30.532-08:00What do you think of Rep. Barney Frank's state...What do you think of Rep. Barney Frank's statement on abolishing Fannie and Freddie? Is he reacting to the recent electoral results in MA or is he now -after 20 years of supporting the GSE's model- thinking that there could be a better model? How about returning them their private status? But abolishing to replace them with another institution? This is the typical politician that doesn't understand that it will be difficult to find other private companies to offer low-cost funding for 30-year fixed-rate mortgages and under goverment regulations.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-64456823721564872302010-01-21T20:00:48.652-08:002010-01-21T20:00:48.652-08:00I feel violated!
Someone is using the "comme...I feel violated!<br /><br />Someone is using the "comments" section to sell a service or a product.<br /><br />Whatever this is (since I don't know how to zap it), it is not soemthing I endorse or condone.)<br /><br />Link at your own peril!!Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-80721547933209500142010-01-21T13:59:46.054-08:002010-01-21T13:59:46.054-08:00Good day, sun shines!
There have been times of har...Good day, sun shines!<br />There have been times of hardship when I didn't know about opportunities of getting high yields on investments. I was a dump and downright stupid person. <br />I have never imagined that there weren't any need in big initial investment.<br />Nowadays, I feel good, I begin take up real income. <br />It gets down to choose a proper partner who utilizes your money in a right way - that is incorporate it in real deals, and shares the profit with me.<br /><br />You may get interested, if there are such firms? I have to tell the truth, YES, there are. Please get to know about one of them:<br />http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]Anonymousnoreply@blogger.com