tag:blogger.com,1999:blog-1194375569044391746.post9172899511599851506..comments2024-03-29T02:00:55.623-04:00Comments on Corporate Justice Blog: More on Fannie and FreddieSteven Ramirezhttp://www.blogger.com/profile/16741346526253732489noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1194375569044391746.post-57324065317707876792010-11-16T12:13:03.254-05:002010-11-16T12:13:03.254-05:00I think that these reports are very biased. The mo...I think that these reports are very biased. The mortgage markets are not as straight forward as one might think and the idea of banks buying notes from one another is a major factor in the market crisis.<br /><br />Yes, as loan originators, freddie and Fannie saw a lull in market share, yet when push came to shove, even those originators that overtook them for market share during those times were turning around and selling them right back.<br /><br />Fannie and Freddie were by far the largest risk takers in the sub prime markets and even though they should not shoulder the entire blame for the market collapse, one cannot help but feel that their encouragment by mere participation was enough to spur some of the smaller organizations into the practice.Marc S. (FIU)noreply@blogger.comtag:blogger.com,1999:blog-1194375569044391746.post-85224563017081670712010-10-17T14:09:57.444-04:002010-10-17T14:09:57.444-04:00The Report shows that Fannie and Freddie’s market ...The Report shows that Fannie and Freddie’s market share plunged in 2003 and at the peak of the dangerous subprime mortgage and mortgage backed securities markets.<br />-------------------------<br /><a href="http://www.advicemortgages.com" rel="nofollow">Mortgage Broker</a>sanhhttps://www.blogger.com/profile/12670999022077897271noreply@blogger.comtag:blogger.com,1999:blog-1194375569044391746.post-77937455881694189772010-10-04T16:56:34.477-04:002010-10-04T16:56:34.477-04:00Although Fannie and Freddie definitely have to acc...Although Fannie and Freddie definitely have to accept some ownership for the housing crisis and near collapse of the U.S. economy, the private banks definitely made the situation worse. It is unfortunate to watch friends or even family members who were approved for loans by their local bank, only to purchase a home which would lead them to a horrendous credit score and likely bankruptcy. In the event that such applicants were not so fortunate to have practices of fraud found within the private bank, the mortgage holder is now out of luck. By crunching numbers and allowing applicants to be approved based on a very different standard for approval than prior practices, the banks encouraged risky lending and have aided in ruining the lives of many hopeful first time buyers.William Bossohttps://www.blogger.com/profile/13688095411220663162noreply@blogger.comtag:blogger.com,1999:blog-1194375569044391746.post-29947006816821542972010-09-23T17:30:01.309-04:002010-09-23T17:30:01.309-04:00Are you overstating Fannie and Freddie's invol...Are you overstating Fannie and Freddie's involvement? The Conservator's report indicates that the GSE's reduced market share massively in 2003 - 2004. Was it not the private banks that stepped in to fill this capital flow?Anonymousnoreply@blogger.com