FHFA Wants To Merge Fannie & Freddie To Create Super GSE

Steve Dibert, MFI-Miami FHFA Acting Director Ed DeMarco laid out a plan today to merge lending giants Fannie Mae and Freddie Mac into one entity and create a new GSE that could be eventually be sold off to private investors. The Government Sponsored Enterprises or GSEs  that hold nearly two-thirds of the mortgage notes in […]

Libor Manipulation Cost Fannie Mae and Freddie Mac $3 Billion

Mark Gongloff, Huffington Post Libor manipulation cost Fannie Mae and Freddie Mac more than $3 billion, according to an estimate by a government watchdog, who recommends the government-owned mortgage giants sue the big banks. That estimate and legal advice were made in a private report by Steve Linick, the inspector general for the Federal Housing […]

Banks book record profits off Fannie and Freddie

Thanks to government insurers, bank income hits new post financial crisis high. Stephen Gandel, Forbes Bank executives ought to be picking out nice holiday gifts for Fannie Mae and Freddie Mac. Financial firms have made a mint this year offloading home loans on the giant government-backed mortgage insurers. In the third quarter, bank profits from that […]

Ready to get started?

Speak to a specialist at (888) 737-6344