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Volume 2008 - Number 22

October 17, 2008

GSEs Eye Subprime and Alt A MBS Purchases; TARP Shifts Focus

Fannie Mae and Freddie Mac will reportedly return to the non-agency mortgage-backed security market as investors in securities backed by subprime or Alt A mortgages under the direction of the Federal Housing Finance Agency. The move coincides with a $250 billion capital injection for struggling banks in lieu of MBS purchases by the federal government’s Troubled...

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

vote to see results
Housing Pulse

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