Obama Likes Risky Mortgages

We had a housing collapse because of liberal housing rules and Fannie Mae and Freddie Mac securing bad loans? No problem! Time for more of the same, says Obama, who is acting without Congress’ aid. You see, this is all part of the liberal mindset. When the government screws up a market, it’s never the […]

Huge Percentage of Mortgages Still Guaranteed by Federal Government

Check out this article on MSN. “In the first quarter of 2010, Fannie and Freddie — plus Ginnie Mae, which had an explicit government guarantee even before the crisis — guaranteed 95% of all mortgage originations in the United States. In other words, in the first quarter, Fannie, Freddie and Ginnie were the mortgage industry.” […]