Stop looking at the Washington DC Potemkin village; start looking at the financial system behind it that controls it…
Fannie, Freddie Earnings Improve Amid Signs of Housing Market Recovery…
Government-controlled mortgage giants Fannie Mae and Freddie Mac said earnings improved in the second quarter, adding to evidence of a rebound in the U.S. housing market. Fannie Mae, the larger of the two companies, said 5.7% of the single-family loans it guarantees — representing about 972,000 mortgages — had suspended payments as of June 30, […]
“A Rare Smoking Gun”: Judge Says Goldman and Four Other Firms “Blatantly Price Fixed” GSE-Backed Bonds…
Goldman Sachs and four other financial firms are facing claims that they rigged the $550 billion market for bonds backed by Fannie Mae and Freddie Mac, according to Bloomberg. In the Southern District of New York, a proposed class action suit accuses the institutions of driving down the offer that they bought unsecured bonds at […]
Fannie Mae (FNMA) & Freddie Mac (FMCC) – Where Did The Money Go?…
After reading the news stories about Obama’s FISA memo, and intrusion into the American way of life, you would think things couldn’t get any worse. Now, information is coming out that President Barack Obama stole the entire profits of two privately owned, and publicly traded companies. The theft left the shareholders of Fannie Mae (FNMA) […]
New Rule Makes it Easier to Get a Mortgage with Student Loan Debt…
For millions of Americans drowning in student loan debt, the prospect of getting a mortgage might seem out of reach. Last week, Fannie Mae changed underwriting rules that could make it much easier for people with student loan debt to qualify for a mortgage. Here are the details. The new rule impacts people with federal […]
Man Trump Named to Fix Mortgage Markets Figured in Infamous Financial Crisis Episode…
In early 2007, a group of Morgan Stanley bankers bundled a group of subprime mortgage instruments into a package they hoped to sell to investors. The only problem was, they couldn’t come up with a name for the package of mortgage-backed derivatives, which they all knew were doomed. The bankers decided to play around with […]
Fannie and Freddie Finally Wake Up…
Spring is in the air signaling the start of homebuying season. But here in Las Vegas, buyers “are aplenty,” 1st Realty Group owner Thomas Blanchard tells the Las Vegas Review Journal, but “we just don’t have the properties to sell them.” It hardly seems possible, not enough homes for sale. After all, squatting in bank-owned […]
Obamacare Implosion Now? Since Obama Siphoned GSE Dividends to Prop Up, Can Trump Simply Halt 1st Qtr Sweep?…
Earlier this month, Harvard Ph.D. Jerome Corsi of InfoWars (@jerome_corsi) and a CPA “who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac,” confirmed a 2012 scheme hatched by the Obama administration to funnel hundreds of billions in dividends from Government Sponsored Enterprises (GSE) Fannie Mae and […]
What Will Trump Do About The Fed, The Debt Ceiling, And Trade: His Key Economic Advisor Explains…
David Malpass, a Trump economic advisor, has been tasked with overseeing the transition for the Treasury Department and economic policy. Last month, Malpass addressed a group of economists and reporters in Washington, laying out the Trump’s economic vision ahead of his election…