Tag archives for government controlled gses

Fannie Mae Asks Treasury for $5 Billion

Although government-controlled GSE Fannie Mae lost much less money in the second quarter of this year than the first (“only” $2.9 billion vs. $6.5 billion in the first quarter), the GSE has still requested an additional $5 billion from the U.S. Treasury, bringing the tally of taxpayer-funded support to $104.8 billion since the federal government assumed control of the entity. Read full article »

Fannie Mae Delinquency Books Continue to Show Improvement

Government-controlled GSE Fannie Mae has some good news to show in the first quarter of this year. The share of mortgages that the lending giant owns or guarantees that are three months or more past-due has been on the decline for a full year now, with “seriously delinquent” mortgages slipping to just 4.44 percent in February 2011. In February 2010, Read full article »

Legislation Introduced to End GSE Support from Taxpayers

After drawing more than $150 billion in taxpayer funds, government-controlled Fannie Mae and Freddie Mac may soon have to find a different source of funding if Republican congressmen get their way. Senators John McCain (R-AZ) and Orrin Hatch (R-UT) introduced legislation yesterday that would permanently end federal support for the GSEs. The bill, called the GSE Bailout Elimination and Taxpayer Read full article »

Fannie and Freddie Show Profits, Keep Hands Out

Government-controlled GSEs Fannie Mae and Freddie Mac appear to be profitable for the first time since the real estate market tanked. However, that does not mean that they don’t need major handouts (read: billions of dollars) each quarter from the Treasury Department in order to stay afloat. In fact, even though both companies pay 10 percent dividends on preferred shares Read full article »

Geithner Admits Government Had a Role in Bringing Down the Housing Market

While he steadfastly maintains that administration failure HAMP (Home Affordable Modification Program) is critical to homeowners everywhere, U.S. Treasury Secretary Timothy Geithner did admit yesterday in a hearing before the House Committee on Financial Services that the government made “avoidable” mistakes that probably led, in part, to the housing market crash. Think the treasury secretary is moving away from the Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.