QUOTE AND NEWS
Forbes  2 hrs ago  Comment 
On October 28, 2014, the United States sought to follow up the major advantage that it received from the decision of Judge Royce Lamberth on September 30, 2014, which dismissed all the claims brought by the junior preferred shareholders of Fannie...
Yahoo  Oct 30  Comment 
Ed DeMarco foresees a smaller federal role--and a return of private operators--in the mortgage market.
Insurance Journal  Oct 28  Comment 
Private insurers are considering a request by U.S. officials to guarantee mortgages for veterans — the fastest growing part of the market. The Department of Housing and Urban Development is urging mortgage insurers that rely on Fannie Mae and...
Motley Fool  Oct 27  Comment 
Fannie, Freddie, and the FHFA are working on a plan to make mortgages easier to obtain.
newratings.com  Oct 25  Comment 
WASHINGTON (dpa-AFX) - The Boston Retirement System announced a $170 million proposed settlement with the Federal National Mortgage Association or Fannie Mae (FNMA.OB) in the securities class action In re Fannie Mae 2008...
Clusterstock  Oct 24  Comment 
By Jonathan Stempel NEW YORK (Reuters) - Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government...
TheStreet.com  Oct 24  Comment 
NEW YORK (TheStreet) -- Mortgage giants Fannie Mae and Freddie Mac are like the Guantanamo Bay prison: the Obama administration has wanted to shut them down for years, but can't quite figure out a way to do it. Since the 2008 financial...




 

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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