QUOTE AND NEWS
Reuters  21 min ago  Comment 
Mortgage servicer Ocwen Financial Corp said it would sell residential mortgage servicing rights on $45 billion of Fannie Mae loans to an undisclosed buyer, sending its shares up 5.5...
Motley Fool  Feb 28  Comment 
The once left-for-dead agencies continue to rake in the profits. So, why aren't investors seeing any returns?
Wall Street Journal  Feb 23  Comment 
Investors have pulled about $2.5 billion since October from a hedge-fund firm owned by Carlyle Group LP after an outsize bet on mortgage giants Fannie Mae and Freddie Mac led to steep losses last year.
New York Times  Feb 20  Comment 
That figure is down sharply from $6.5 billion a year earlier, mostly because of losses on investments.
Wall Street Journal  Feb 20  Comment 
The delay in reforming the nation’s housing-finance system is presenting policymakers with an uncomfortable reality: The terms of the bailout could lead to a new bailout.
Wall Street Journal  Feb 20  Comment 
Fannie Mae’s fourth-quarter results give a clearer, but less flattering view, of its earnings potential.
The Economist  Feb 20  Comment 
FANNIE MAE and Freddie Mac may sound like a couple living in suburban America but they are in fact two of the country’s more unusual listed companies. With a government-backed guarantee, Fannie and its sibling Freddie buy mortgages from...
Wall Street Journal  Feb 20  Comment 
Fannie Mae said its profit declined in the most recent quarter while it again warned that more declines are likely in the future.
Motley Fool  Feb 15  Comment 
Bruce Berkowitz just added to his large positions in Fannie and Freddie even though both of their share prices have dropped considerably. Why would he do this?




 

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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