MarketWatch  Nov 23  Comment 
The percentage of homeowners who are underwater — that is, owing more on a mortgage than the home is worth — is 8.7%, down from 21% at the end of 2011. However, the percentage of homeowners who believe they are underwater is 27%, according to...
The Economist  Nov 19  Comment 
TEMPORARY solutions have a way of becoming permanent. The fate of Fannie Mae and Freddie Mac, the two “government-sponsored enterprises” (GSEs) that stand behind much of America’s housing market, is a case in point. The GSEs, which buy...
Motley Fool  Nov 8  Comment 
Some of the most influential civil-rights organizations are asking the Obama administration to end the conservatorship and allow Fannie and Freddie to recapitalize.
Forbes  Nov 5  Comment 
'We're not looking to maximize profit for investors,' says Fannie Mae's Mayopoulos, but that hasn't prevented rampant speculation in the GSEs common shares.
Yahoo  Nov 5  Comment 
Mortgage giant Fannie Mae reported net income of $2 billion for the July-September period, down from $3.9 billion a year earlier. The government-controlled company attributed the third-quarter decline ...
newratings.com  Nov 5  Comment 
WASHINGTON (dpa-AFX) - Mortgage guarantor Fannie Mae (FNMA.OB) reported that its net loss attributable to common stockholders for the third-quarter 2015 widened to $242 million or $0.04 per share from last year's $94 million or $0.02 per...
Wall Street Journal  Nov 5  Comment 
Fannie Mae said profit was halved in the third quarter, as declines in long-term interest rates hurt the value of the mortgage-finance company’s derivatives.
SeekingAlpha  Nov 5  Comment 


I suppose a priapicnl reduction program would be better than nothing, but there is always the risk of unintended consequences or even operational failure when attempting such a specific intervention. Why not let monetary policy do the work in a continuous, predictable, and agnostic fashion? It would deliver benefits not only to home owners, but also by reducing the real return on the many large cash-equivalent investments amassed by corporations like Apple ($60B last I checked), spurring them to put funds to more productive use. And of course, monetary policy can benefit from the Chuck Norris effect. Fiscal policy hasn't exactly inspired such reactions of late.

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