The government seems prepared to take America down to a level of being a petty thief. We all know from a criminals perspective that they aren't guilty of nothing. The government leaders aren't talking about FnF because no criminal wants to leave themselves open to the truth.
Government claims they are watching out for the taxpayers but they got them in 18 Trillion dollars worth of debt already. So watching out is fraud, plain and simple. FnF have helped the citizens obtain mortgages for 50 years since the New Deal. The shareholders had faith in the government to conserve their business until the business got on sound footing but the government got greedy and is screwing the shareholders.
Government tells Fannie Mae and Freddie Mac how to conduct business and lets bank commit fraud against the GSE's and now want the banks to control the mortgage industry. Seems to me the government is committing fraud now on its own citizens.
Don't think for a second that Wall Street and the banks have any love for FnF after they had to pay for their fraud. They took advantage of FnF then and are trying to now.
This is the story of two tales, David and Goliath and shareholders are David. We know the end story already.
Mortgage Insurance is the silent issue during the financial crisis, have anyone heard anything about insurance payouts even though defaulted borrowers paid premiums?
Borrowers pay for mortgage insurance in cases where they default, the problem with the financial crisis was insurance did not do what the borrowers paid the FHA insurance to do.
"FNMA makes money when loans are sold to them after they close". I never knew anyone could make money buying loans, would does that happen?
Just looking at typical FHA loans, I don't see any of the closing cost benefiting FnF. Is that true?
So are you saying that FHA mortgage insurance isn't a federal fund like FDIC saving insurance?
Most of the defaulted loans must have had insurance, except I cannot find where they paid anything out during and after the 2008 mortgage crisis. Can't find their headquarters or nothing. Come on guys, help out on this issue
Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requirements include mortgage insurance primarily for borrowers making a down payment of less than 20 percent. How many lenders got that protection since 2008?
I have been trying to contact FHA mortgage insurance headquarters to hear about how much money they paid out during the 2008 financial crisis and who they paid. I cannot find a headquarters, can you?
#2 Where is this documentation showing this agreement about recovered monies? #3 FnF was under duress from the strong arming done by Federal Government, making any contract null and void
#1 If Federal government gave FnF money, where did that money go? If it went to loans that defaulted, then FHA mortgage insurance should have covered those defaults.
Senior Preferred Stock Purchase Agreements, explain why this makes common stock worth $2
FnF has been very consequential to the real estate market for 50 years. Many people benefited from 30 year mortgages that otherwise would be renters and never own real estate.