1. Welcome to AppraisersForum.com, the premiere online community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

NEW FHFA HEAD DeMARCO LAYS OUT GSE PLANS

Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by Mike Kennedy, Sep 9, 2009.

Thread Status:
Not open for further replies.
  1. Mike Kennedy

    Mike Kennedy Elite Member

    38
    Sep 28, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    New FHFA Head DeMarco Lays out Future Plans for GSEs
    Acting Director of the Federal Housing and Finance Agency Edward DeMarco affirmed his predecessor's decision to take government-sponsored enterprises Fannie Mae and Freddie Mac into conservatorship. "We wanted to restore confidence in Fannie and Freddie, we wanted to enhance their ability to remain active participants in the U.S. mortgage market, and we wanted to mitigate systemic risk," DeMarco told CNBC's Diana Olick earlier this month. "I think we have accomplished that objective." > FULL STORY


    P.S. Nothing New
     
  2. Randolph Kinney

    Randolph Kinney Elite Member
    Gold Supporting Member

    32
    Apr 7, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    The GSEs fall into the category of bailout ownership such as GM and Chrysler.

    The government recently acknowledged that they will never get paid back the loans or return a on investment in the car companies. With out government assistance, the GSEs and car companies can't exist.
     
Thread Status:
Not open for further replies.

Share This Page