|
|
Article: 'New' Secondary Looks Old As It Recalls Thrift/GSE Tie.(News)
- Article from:
- National Mortgage News
- Article date:
- September 7, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Brian Collins
WASHINGTON-The Mortgage Bankers Association has seen the future of the secondary market and it looks a little bit like the past.
The trade group's just-released working paper for overhauling the secondary mortgage market assumes that Fannie Mae and Freddie Mac will no longer exist in the future but also calls for one of their replacement GSEs (called mortgage credit-guarantor entities or MCGEs) to exist in a cooperative-like structure with residential lenders as shareholders. Until 1989, ownership of Freddie Mac was limited to savings and loan associations under a co-op structure -with the nation's S&L regulator actually serving as ...
Related newspaper, magazine, and journal articles:
|
|
Article: Freddie, Fannie shares drop sharply amid rising ...
AP Worldstream;
July 11, 2008 ;
700+ words
... ... because of the crucial role Fannie and Freddie play in the housing market ... to keep operations going at Fannie and Freddie, but shareholders would likely ... could make it difficult for Fannie and Freddie to raise funding through debt ...
|
|