Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by Mike Kennedy, Sep 15, 2009.
http://realtytimes.com/ See Washington Report: Fannie and Freddie Video report
Good link, Mike.
And a good idea, except for the MBA government guarantee to investors principle and interest payments that they propose.
The part they got right is that F & F should be privatized, broken up like Ma Bell.
Hopefully, that would be the end of the tyranny of the F & F certs, etc. If this is done right, then the battles will look more like format wars between Blu Ray & HDDVD and flare up often.
In order to attract investors at a reasonable rate without federal govt guaranteeing P & I payments, the products offered will need to be soundly underwritten, because the investors $$ would actually be at risk this time.
...the part they got dead wrong is MBA OWNERSHIP of "whatever comes after"
Oh crap. Do I have to watch that clip again?:icon_mrgreen:
I didn't notice that assertion. However, if it was just their inference, it won't happen, Mike. Not with investor money actually being at risk.
Some of the competing baby F & Fs may actually eliminate the "bullseye" or insist on reports that are more predictive in nature, with a SOW that requires far more in depth market analysis and less emphasis in point value estimates. In fact, they might want a range of value forecast for a specified future time period after closing as the primary MV opinion.