FAST FIVE: U.S. Housing Finance "Worse Off Today" Than In 2008
Fannie and Freddie Are Severely Over-Leveraged On its own, this information from the Committee hearing is sobering enough, but the same meeting also shed light on another disturbing fact: “I will tell you as a safety-and-soundness regulator, when I look at a $3 trillion institution that is leveraged 1,000 to 1, it keeps me up at night,” Federal Housing Finance Agency Director Mark Calabria, the companies' regulator, told the committee.
Without these two entities repackaging and guaranteeing mortgages, the sale of homes would be decimated, causing a massive ripple effect across the entire real estate market.
Don't Let a Housing “Car Wreck” Ruin Your Retirement These are interesting times indeed.
That's why thousands of Americans are moving their retirement into a Gold IRA.
Tyler Durden Wed, 09/18/2019 – 19:15 Tags Business Finance.