Fannie Mae and Freddie Mac back about half of new mortgages in the U.S. Now, talks are heating up about reshaping or shrinking the two companies, a move that could impact millions of Americans. Photo: Heather Seidel/The Wall Street Journal
Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#WSJ #mortgage
source
The Federal Reserve Banks also uses MBS in their money mechanics.
The government caused the 2008 financial crisis and then used it as an excuse to kill small banks
So the government own Fanny and Freddie in the name of keeping mortgages low. Let's take a look at the affordability of housing since they took over…
Socialism 😂😂
Oh come on for a 4 minute video it takes you one minute before you can jump into the topic u can do better than that
If you can’t afford a house don’t buy one
Millions of Americans is not even one percent of Americans…
Tens of millions of Americans is ten percent of Americans.
Hundreds of millions of Americans is one hundred percent of Americans…
0-0
Get rid of them. We can still have a 30-year fixed rate mortgage without them
50 seconds into the video and it's already all Trump's fault. This narrator is so pathetic it's hilarious
Wrong fact, in other countries the 30 y mortgage doesn’t exist…wrong! There are many countries in Europe even in 3 world where the 30 y mortgage exists.
This is simply not true.
In Germany you can borrow 90%, fixed 30 year mortgages, and at very low rates, and frankly the process is much easier.
Take it from a real estate developer whos lived, worked and owned homes in both the US and Germany.
The government should not insure banks. Banks should be held to standards of course and shouldn’t lend a dime to people with bad credit. A home is not a blessing if you are broke. People should learn that before ever trusting a bank. You should always use a fixed rate mortgage and put 20% down. If you can’t do that. You can’t afford it. Find out a may to make it work so one day you can afford it. Saving money now can help a lot in the future.
privatizing anything is better than big government.
What is a non-bank lender?
Do I have to be a homeless drug addict sucking on rocks in order to qualify for Fannie Mae? And why is it so difficult to get in contact with companies like this?
Back in 1938 the house was really being sold to Americans as a true ownership but now banks want to make sure they screw us for at least 30 years in which 3/4 of loan life is in interest.
How much do these organizations pay banks and other lenders to take on the mortgages?
So l should by shares?
"Noone would know how the market would like like without Fannie and Freddie" Lol are you for real? Just look at the time before 2008. You literally just explained it like 2min earlier in the video.
3 months after closing with regions bank today I received a letter from Fannie may they purchased the loan..
Comments are closed.