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Old 09-15-2009, 08:08 AM
Mike Kennedy's Avatar
Mike Kennedy Mike Kennedy is offline
 
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Exclamation MBA calls for elimination of Fannie&Freddie-Washington Report/Realty Times

http://realtytimes.com/ See Washington Report: Fannie and Freddie Video report
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Old 09-15-2009, 03:00 PM
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JSmith43 JSmith43 is offline
 
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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.
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Old 09-15-2009, 03:02 PM
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...the part they got dead wrong is MBA OWNERSHIP of "whatever comes after"
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Old 09-15-2009, 03:12 PM
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Quote:
Originally Posted by Mike Kennedy View Post
...the part they got dead wrong is MBA OWNERSHIP of "whatever comes after"
Oh crap. Do I have to watch that clip again?

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.
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