If the government keeps tight control over the mortgage giants and provides an “implicit guarantee” of their debt, rates might rise by 1/5 of a percentage point, Stanford researchers conclude. Continue reading
Fannie Mae and Freddie Mac should continue to operate as separate companies rather than merged into a single entity, and be regulated like utilities with a cap on excessive fees and prohibitions on backing risky loans. That’s the perspective of a… Continue reading
Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency announced Monday. Continue reading