2010-05-10 — nytimes.com
"“I don’t understand why people are not talking about it,†said Dean Baker, co-director of the Center for Economic and Policy Research in Washington, referring to Freddie’s losses. “It seems to me the most fundamental question is, have they on an ongoing basis been paying too much for loans even since they went into conservatorship?â€"
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Mr. X at 20:12 2010-05-11 said:
for both of the GSE's is that they are only forcing lenders to buyback loans where the fraud is egregious. It's a constant back and forth between the wants of the Obama Adminstration (via the GSE) and the lenders. Both parties can't afford to have the lenders buyback too many loans, or foreclose on too many "hardworking" families/voters. Permalinkadd a comment | go to forum thread
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