QUOTE AND NEWS
newratings.com  7 hrs ago  Comment 
WASHINGTON (dpa-AFX) - Mortgage guarantor Fannie Mae (FNMA.OB) reported that its net income attributable to common stockholders for the first quarter of 2015 was $92 million and $0.02 per share, compared to a loss of $367 million and $0.06 per...
Wall Street Journal  7 hrs ago  Comment 
Mortgage-finance company Fannie Mae will send the U.S. Treasury $1.8 billion in June, after posting a first-quarter profit that declined sharply from a year earlier, thanks largely to a sizable derivative loss and a drop in credit-related income.
Wall Street Journal  May 5  Comment 
The regulator of Fannie Mae and Freddie Mac is considering raising the pay for the companies’ chief executives over the objections of the U.S. Treasury Department, others within the Obama Administration and some lawmakers.
MarketWatch  May 1  Comment 
A four-year old Treasury Department document may help shareholders of federally controlled mortgage-finance giants Fannie Mae and Freddie Mac sue over a bailout agreement that forces the companies to send their profits to the government.
Wall Street Journal  Apr 30  Comment 
Fannie and Freddie would require up to $157.3 billion in additional support from the Treasury in a severe economic downturn.
Forbes  Apr 30  Comment 
The Federal Housing Finance Agency said on Thursday government sponsored mortgage agencies Fannie Mae and Freddie Mac would collectively have an up to $157.3 billion shortfall in the event of a next financial crisis
TheStreet.com  Apr 22  Comment 
NEW YORK (TheStreet) -- Private mortgage insurers, which underwrite loans for homebuyers who can't afford a 20% down payment, stand to benefit from looser capital requirements that give them the cash to expand just as the largest insurer,...




 

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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