Relevant:
- Laying the Groundwork for Nationalization of GSE's
- 'Massive fraud' at center of trial against BofA over U.S. mortgages
- GSEs Refuse To Save The Day
- Obama Proposes Fannie & Freddie Reforms as Housing Market Continues to Languish
- GUEST POST: Welcome to Freddie and Fannie's Mortgage Shell Game, By Shawn T. Newman, J.D.
2009-02-10 — ritholtz.com
"As Home prices have fallen, more mortgages have defaulted. The increasing default levels are further pressuring the GSEs, sending them deeper in the hole. Hence, Fannie/Freddie will require significantly more cash to keep operating."
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