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June 2, 2014

Short Takes: Why is PHH’s Trading Value So Low? / CEOs of Fannie and Freddie May Have Some Explaining to Do / GSE Delinquency Rates Continue to Fall / A ‘Happy Anniversary’ for the GSEs? / JPM: We Didn’t Do Anything Wrong

By Paul Muolo

If you take away all the one-time gains at Fannie Mae and Freddie Mac, the two are barely profitable. Right?

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.
2 to 3 years. GSE reform is complicated.
Sadly it won’t happen in a Clinton or Trump first term.
Not in my lifetime.

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