Comments on: Surprise — we might actually begin meaningful housing reform this year http://blogs.reuters.com/great-debate/2012/03/20/surprise-we-might-actually-begin-meaningful-housing-reform-this-year/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Brooklyn17 http://blogs.reuters.com/great-debate/2012/03/20/surprise-we-might-actually-begin-meaningful-housing-reform-this-year/#comment-42800 Wed, 04 Apr 2012 04:28:30 +0000 http://blogs.reuters.com/great-debate/?p=12163#comment-42800 I would hardly say DeMarco is leading Washington..he has a good grasp of his obligations and a measured approach to recovery and transition, but his role as conservator of the GSE(s) and acting head of FHFA was suppose to be temporary and wields far too much power for someone at the helm this long with semi-limited experience. The Federal Home Loan Banks have been living on a prayer and walking a tight rope -some say unnecessarily because of this FHFA Board and their naive gumption that the only way to navigate through these rough and blind waters was to force write-downs based on ‘unrealized’ loses and set capital requirements that far exceeding any norm, especially during a crisis, for the FHLBank system (a system that was created and designed to actually absorb and endure the shocks and ripple effects in the event a “Great Depression’ ever occurred again) That said, he has done a decent job with Fannie and Freddie (I mean could he have done anything that would have made it worse?) and keep in mind the ‘modifications’ many are seeking are for mortgages underwater, not foreclosed. It would be a great burden $$ for the taxpayer, and in reality today majority of these underwater mortgages are being paid on time. Yes, these assets were purchased during a bubble but we are all suffering thorough it now and the best thing we can do is continue to batter down and have home owners meet their financial obligations. Predatory lending aside, no forced you to take on that second mortgage or home you couldn’t afford in the first place. We’re all guilty. Adjusting loans on a curve isn’t out of the question, it just needs to be thoroughly examined and questioned on how it would play it out. We cannot afford to make the same mistakes by just adjusting rates to get what we want…(does Russia and their issues of inflation ring any bells?) DeMarco has real character to stand his ground but how much longer will he be able to when Mr. Obama’s health care is deemed unconstitutional? They will come after DeMarco when his current polices continue to not fit in their great re-election puzzle; it is simply the nature of the beast.

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By: GJOA http://blogs.reuters.com/great-debate/2012/03/20/surprise-we-might-actually-begin-meaningful-housing-reform-this-year/#comment-42354 Wed, 21 Mar 2012 17:27:05 +0000 http://blogs.reuters.com/great-debate/?p=12163#comment-42354 Never forget that the private lenders have disappeared from the securitization market because nobody wants to purchase any security issued by them.
Too much fraud in the sale of products during so many years and subsequent losses to investors worldwide.
Don’t try to rewrite history.

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By: CAS100 http://blogs.reuters.com/great-debate/2012/03/20/surprise-we-might-actually-begin-meaningful-housing-reform-this-year/#comment-42334 Tue, 20 Mar 2012 20:37:44 +0000 http://blogs.reuters.com/great-debate/?p=12163#comment-42334 Ahh this is why it takes demarco so long to review whether or not principal reductions at .63 cents on the dollar are good for fannie and freddie, he is too busy with this nonsense.

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