Credit Scores Based On AI and Your Credit Scores Based On AI and Your Social Media Profile Could Usher In New Way For Banks To Discriminate (vice.com) 203 Posted by BeauHD on Could Usher In New Way For Banks To Discriminate – Slashdotthursday june 13, 2019 @08:50PM from the creepy-and-biased dept.
They are now profitable again and required to turn all their earnings over to Treasury. Read more: A QuickTake explainer on how Fannie and Freddie were reborn The two companies don’t make loans.
The July 30, 2008 law enabling expanded regulatory authority over Fannie Mae and Freddie Mac increased the national debt ceiling US$800 billion, to a total of US$10.7 Trillion in anticipation of the potential need for the Treasury to have the flexibility to support the federal home loan banks. 2010 – delisting
Builders must pay to fix rip-off leaseholds’ Ground rents are annual charges paid by the leaseholder to the freeholder. The leaseholder must also seek permission from the freeholder to make changes to the property, such as building an extension.
This is part two in our three-part series on Fannie Mae and Freddie Mac. Read part one, "Kill. Nor anyone else in the federal government.
Specifically, the internal reviews found deficiencies in the Fed’s system for double checking, or “validating,” the models. They found the Fed didn’t always have enough staff on hand. wrestle over.
Last month I wrote about Bernanke’s Guaranteed Box Full of Crap, where he somehow justified the Fed’s purchase of a trillion dollars of Fannie and Freddie securities on the grounds that his left hand man at Treasury was guaranteeing the assets.Today I read John Hussman’s weekly piece, where he points to an important exchange last week between Bernanke and NJ Congressman Scott Garrett:
Fannie and Freddie are surely problem children, but making them wards of the Federal Reserve is a very bad idea. It would do nothing to stop the destructive housing finance policies fannie and Freddie currently pursue, but would assure that another major sector of economy would fall under the Fed’s permanent control.
Fannie Mae and Freddie Mac are now under control by the US Government. Formally a individually operated (but government sponsored) Fannie and Freddie got a little over their heads. After showing enormous losses and unable to raise enough capital to keep their heads above water, the tax payers are going to foot the bill.
Summary. Congress did not intend for the conservatorship to "reform the system of residential mortgage finance". The stated goals of the conservatorship include "preserving and conserving" the assets of Fannie and Freddie. The Net Worth Sweep does not make Fannie and Freddie "safe and solvent".