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Step One: Mba Reveals Proposal To Reform Fannie Mae And Freddie Mac

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Eli

Elite Member
Joined
May 12, 2007
Professional Status
Certified General Appraiser
State
Tennessee
I don't like the sound of that. People don't like C&R but want the govt to guarantee everything.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
  • The 30-year, fixed-rate, pre-payable single-family mortgage and long- term financing for multifamily mortgages should be preserved.
I would prefer it go away, w 20 yr. max. It doesn't help people build equity when they literally pay for their house 4x over
  • A deep, liquid TBA market for conventional single-family loans must be maintained.
These TBA markets appear to me to only fuel mortgage backed security speculation. Some sort of strong control needs applied.
 

timd354

Elite Member
Joined
Jan 11, 2008
Professional Status
Certified Residential Appraiser
State
Maryland
  • The 30-year, fixed-rate, pre-payable single-family mortgage and long- term financing for multifamily mortgages should be preserved.
I would prefer it go away, w 20 yr. max. It doesn't help people build equity when they literally pay for their house 4x over
  • A deep, liquid TBA market for conventional single-family loans must be maintained.
These TBA markets appear to me to only fuel mortgage backed security speculation. Some sort of strong control needs applied.
To say that the MBA plan is short on specifics is an understatement. Who knows what GSE reform will actually look like by the time Congress gets around to dealing with it. The big problem with GSE reform is that most people in Congress have no clue of how the mortgage and housing markets actually work.
 
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Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
Forget it.

The debt is matching GDP.

The government needs the money they are siphoning from the GSEs.

.
 
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