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Re: not one red cent ~NORC~ post# 235520

Wednesday, 07/30/2014 7:47:40 PM

Wednesday, July 30, 2014 7:47:40 PM

Post# of 800623
well the crapo machine is still at it

Maloni ~



Jaret Seiberg, Guggenheim Partner’s first rate DC financial analyst, invited me to join Michael Bright—Tennessee Senator’s Sen. Bob Corker’s principal Banking Committee staffer--and him in NYC last week to discuss with GP’s clients and others mortgage finance reform, the variety of proposed alternatives and the many remaining business and political hurdles facing the eternal question, “What to do with Fannie and Freddie?”



The case I made for Fannie Mae and Freddie Mac was simple.


They successfully produced voluminous amounts of mortgage financing, for a variety of income groups, and worked well before the post 2005 PLS debacles. Since being put into “conservatorship,” they still are spectacularly successful—buttressing the nation’s mortgage market-- when their regulation was tightened up post-2008.


I suggested, with some regulatory relief and little legislative head knocking, they could be revived and permitted to play a principal role in the mortgage market before any of the various F&F alternatives could be operational.





http://malonigse.blogspot.com/

$$ FNMA $$