{"id":36159,"date":"2011-08-19T16:15:45","date_gmt":"2011-08-20T00:15:45","guid":{"rendered":"http:\/\/lukeford.net\/blog\/?p=36159"},"modified":"2011-08-19T16:16:10","modified_gmt":"2011-08-20T00:16:10","slug":"the-fannie-mae-freddie-mac-disaster","status":"publish","type":"post","link":"https:\/\/lukeford.net\/blog\/?p=36159","title":{"rendered":"The Fannie Mae, Freddie Mac Disaster"},"content":{"rendered":"<p>I write about real estate and mortgages here:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/19\/feeling-betrayed-by-fannie-mae\/\" title=\"Feeling Betrayed By Fannie Mae\">Feeling Betrayed By Fannie Mae<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/19\/housing-crash-increases-rent-costs\/\" title=\"Housing Crash Increases Rent Costs\">Housing Crash Increases Rent  Costs<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/19\/huh-not-even-bank-of-america-is-safe-from-the-grim-economic-news\/\" title=\"Huh? Not even Bank of America is safe from the grim economic news?\">Huh? Not even Bank of America is safe from the grim economic  news?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/19\/5050-chance-well-fall-into-a-recession\/\" title=\"50\/50 Chance We'll Fall Into A Recession\">50\/50 Chance We&#8217;ll  Fall Into A Recession<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/19\/for-underwater-borrowers-the-outlook-gets-worse-and-worse\/\" title=\"For Underwater Borrowers, The Outlook Gets Worse And Worse\">For  Underwater Borrowers, The Outlook Gets Worse And Worse<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/19\/the-refinance-mortgage-surge-not-so-much\/\" title=\"The Refinance Mortgage Surge - Not So Much!\">The Refinance  Mortgage Surge &#8211; Not So Much!<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/19\/more-than-150-billion-has-gone-to-bailing-out-fannie-mae-freddie-mac\/\" title=\"More Than $150 Billion Has Gone To Bailing Out Fannie Mae, Freddie Mac\">More Than $150 Billion Has Gone To Bailing Out Fannie Mae,  Freddie Mac<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/19\/subprime-mortgage-crisis-not-going-away\/\" title=\"Subprime Mortgage Crisis Not Going Away\">Subprime Mortgage  Crisis Not Going Away<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/19\/how-does-the-veterans-affairs-mortgage-program-work-so-well\/\" title=\"How Does The Veterans Affairs Mortgage Program Work So Well?\">How  Does The Veterans Affairs Mortgage Program Work So Well?<\/a><\/li>\n<\/ul>\n<h3 class=\"post_list_date\">\nAugust 18, 2011<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/ever-heard-of-an-unscrupulous-mortgage-lawyer\/\" title=\"Ever Heard Of An Unscrupulous Mortgage Lawyer?\">Ever Heard Of An  Unscrupulous Mortgage Lawyer?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/its-too-easy-to-investigate-the-ratings-agencies\/\" title=\"It's Too Easy To Investigate The Ratings Agencies\">It&#8217;s Too Easy  To Investigate The Ratings Agencies<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/bank-of-america-stock-weighed-down-by-bad-mortgage-loans\/\" title=\"Bank of America Stock Weighed Down By Bad Mortgage Loans\">Bank  of America Stock Weighed Down By Bad Mortgage Loans<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/californias-attorney-general-increasingly-active-on-mortgage-fraud\/\" title=\"California's Attorney General Increasingly Active On Mortgage Fraud\">California&#8217;s Attorney General Increasingly Active On Mortgage  Fraud<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/did-ratings-agencies-commit-fraud-on-mortgage-backed-securities\/\" title=\"Did Ratings Agencies Commit Fraud On Mortgage-Backed Securities?\">Did Ratings Agencies Commit Fraud On Mortgage-Backed  Securities?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/payback-justice-department-probes-sp-after-downgrade\/\" title=\"Payback! Justice Department Probes S&amp;P After Downgrade\">Payback!  Justice Department Probes S&amp;P After Downgrade<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/mortgage-interest-rates-hit-new-lows\/\" title=\"Mortgage Interest Rates Hit New Lows\">Mortgage Interest Rates  Hit New Lows<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/rick-perry-did-a-public-service-by-attacking-federal-reserve\/\" title=\"Rick Perry Did A Public Service By Attacking Federal Reserve\">Rick  Perry Did A Public Service By Attacking Federal Reserve<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/is-housing-the-best-investment\/\" title=\"Is Housing The Best Investment?\">Is Housing The Best Investment?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/is-the-sp-investigation-another-example-of-gangster-government\/\" title=\"Is The S&amp;P Investigation Another Example Of Gangster Government?\">Is The S&amp;P Investigation Another Example Of Gangster  Government?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/u-s-justice-department-goes-after-ratings-agency-sp\/\" title=\"U.S. Justice Department Goes After Ratings Agency S&amp;P\">U.S.  Justice Department Goes After Ratings Agency S&amp;P<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/low-mortgage-interest-rates-do-nothing-to-stimulate-demand-for-homes\/\" title=\"Low Mortgage Interest Rates Do Nothing To Stimulate Demand For Homes\">Low Mortgage Interest Rates Do Nothing To Stimulate Demand For  Homes<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/70-of-all-home-loan-applications-in-the-first-half-of-this-year-were-for-refinancings\/\" title=\"70% of all home-loan applications in the first half of this year were for refinancings\">70% of all home-loan applications in the first  half of this year were for refinancings<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/home-sales-drop-3-5-from-june\/\" title=\"Home Sales Drop 3.5% From June\">Home Sales Drop 3.5% From June<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/mortgage-interest-rates-hit-50-year-low\/\" title=\"Mortgage Interest Rates Hit 50-Year Low!\">Mortgage Interest  Rates Hit 50-Year Low!<\/a><\/li>\n<\/ul>\n<div>\n<ul>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/18\/mortgage-interest-rates-hit-50-year-low\/\" title=\"Mortgage Interest Rates Hit 50-Year Low!\"><\/a><\/li>\n<\/ul>\n<h3 class=\"post_list_date\">\nAugust 17, 2011<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/matt-drudge-calls-justice-department-investigation-of-sp-payback\/\" title=\"Matt Drudge Calls Justice Department Investigation Of S&amp;P - 'Payback'\">Matt Drudge Calls Justice Department Investigation Of S&amp;P  &#8211; &#8216;Payback&#8217;<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/mortgage-fraud-rampant\/\" title=\"Mortgage Fraud Rampant\">Mortgage Fraud Rampant<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/justice-department-goes-after-standard-poors\/\" title=\"Justice Department Goes After Standard &amp; Poor's\">Justice  Department Goes After Standard &amp; Poor&#8217;s<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/bank-of-america-ready-to-settle-foreclosure-probe\/\" title=\"Bank of America Ready To Settle Foreclosure Probe\">Bank of  America Ready To Settle Foreclosure Probe<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/will-there-ever-be-a-foreclosure-deal\/\" title=\"Will There Ever Be A Foreclosure Deal?\">Will There Ever Be A  Foreclosure Deal?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/home-purchases-decline-as-economy-totters\/\" title=\"Home Purchases Decline As Economy Totters\">Home Purchases  Decline As Economy Totters<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/burt-reynolds-defaults-on-his-mortgage\/\" title=\"Burt Reynolds Defaults On His Mortgage\">Burt Reynolds Defaults  On His Mortgage<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/a-primer-on-mortgage-interest-rates\/\" title=\"A Primer On Mortgage Interest Rates\">A Primer On Mortgage  Interest Rates<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/what-determines-mortgage-interest-rates\/\" title=\"What Determines Mortgage Interest Rates?\">What Determines  Mortgage Interest Rates?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/mortgage-applications-rise-2\/\" title=\"Mortgage Applications Rise\">Mortgage Applications Rise<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/30-year-fixed-rate-mortgages-hit-record-lows\/\" title=\"30-Year Fixed Rate Mortgages Hit Record Lows\">30-Year Fixed Rate  Mortgages Hit Record Lows<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/did-wachovia-corp-use-deceptive-marketing-to-sell-mortgage-products\/\" title=\"Did Wachovia Corp. Use Deceptive Marketing To Sell Mortgage Products?\">Did Wachovia Corp. Use Deceptive Marketing To Sell Mortgage  Products?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/goldman-sachs-getting-sued-for-junk-mortgage-securities\/\" title=\"Goldman Sachs Getting Sued For Junk Mortgage Securities\">Goldman  Sachs Getting Sued For Junk Mortgage Securities<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/obama-predicts-it-will-take-a-year-for-housing-to-turn-around\/\" title=\"Obama Predicts It Will Take A Year For Housing To Turn Around\">Obama  Predicts It Will Take A Year For Housing To Turn Around<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/whats-the-tea-party-plan-for-the-housing-market\/\" title=\"What's The Tea Party Plan For The Housing Market?\">What&#8217;s The  Tea Party Plan For The Housing Market?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/17\/guaranteed-to-fail-fannie-mae-freddie-mac-and-the-debacle-of-mortgage-finance\/\" title=\"Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance\">Guaranteed to Fail: Fannie Mae, Freddie Mac and the  Debacle of Mortgage Finance<\/a><\/li>\n<\/ul>\n<h3 class=\"post_list_date\">\nAugust 16, 2011<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/federal-reserve-is-in-a-fix\/\" title=\"Federal Reserve Is In A Fix\">Federal Reserve Is In A Fix<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/should-you-save-for-your-retirement-or-pay-off-your-mortgage\/\" title=\"Should You Save For Your Retirement Or Pay Off Your Mortgage?\">Should  You Save For Your Retirement Or Pay Off Your Mortgage?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/a-third-of-american-mortgages-are-underwater\/\" title=\"A Third Of American Mortgages Are Underwater\">A Third Of  American Mortgages Are Underwater<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/could-countrywide-cause-the-death-of-bank-of-america\/\" title=\"Could Countrywide Cause The Death Of Bank of America?\">Could  Countrywide Cause The Death Of Bank of America?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/what-kind-of-job-is-ben-bernanke-doing\/\" title=\"What Kind Of Job Is Ben Bernanke Doing?\">What Kind Of Job Is Ben  Bernanke Doing?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/is-our-monetary-policy-too-loose\/\" title=\"Is Our Monetary Policy Too Loose?\">Is Our Monetary Policy Too  Loose?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/could-a-change-in-visa-law-boost-home-prices\/\" title=\"Could A Change In Visa Law Boost Home Prices?\">Could A Change In  Visa Law Boost Home Prices?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/single-family-home-construction-down\/\" title=\"Single Family Home Construction Down\">Single Family Home  Construction Down<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/an-ethical-take-on-mortgage-news\/\" title=\"An Ethical Take On Mortgage News\">An Ethical Take On Mortgage  News<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/obama-desires-big-role-for-government-in-mortgages\/\" title=\"Obama Desires Big Role For Government In Mortgages\">Obama  Desires Big Role For Government In Mortgages<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/what-will-rick-perrys-remarks-about-the-fed-mean-for-refinancing\/\" title=\"What Will Rick Perry's Remarks About The Fed Mean For Refinancing?\">What Will Rick Perry&#8217;s Remarks About The Fed Mean For  Refinancing?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/16\/i-want-to-rent-a-guest-house-in-pico-robertson\/\" title=\"I Want To Rent A Guest House In Pico-Robertson\">I Want To Rent A  Guest House In Pico-Robertson<\/a><\/li>\n<\/ul>\n<h3 class=\"post_list_date\">\nAugust 15, 2011<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/15\/help-for-homeowners-behind-on-their-house-payments\/\" title=\"Help For Homeowners Behind On Their House Payments\">Help For  Homeowners Behind On Their House Payments<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/15\/shorter-term-mortgages-save-significant-money\/\" title=\"Shorter Term Mortgages Save Significant Money\">Shorter Term  Mortgages Save Significant Money<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/15\/tax-deduction-for-mortgage-interest-in-jeopardy\/\" title=\"Tax Deduction For Mortgage Interest In Jeopardy\">Tax Deduction  For Mortgage Interest In Jeopardy<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/15\/what-can-be-done-to-boost-housing-market\/\" title=\"What Can Be Done To Boost Housing Market?\">What Can Be Done To  Boost Housing Market?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/15\/will-low-interest-rates-boost-demand-for-housing\/\" title=\"Will Low Interest Rates Boost Demand For Housing?\">Will Low  Interest Rates Boost Demand For Housing?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/15\/was-hamp-designed-to-help-homeowners\/\" title=\"Was HAMP Designed To Help Homeowners?\">Was HAMP Designed To Help  Homeowners?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/15\/will-low-interest-rates-revive-the-housing-market\/\" title=\"Will Low Interest Rates Revive The Housing Market?\">Will Low  Interest Rates Revive The Housing Market?<\/a><\/li>\n<li><a href=\"http:\/\/www.refinancemortgagenow.net\/blog\/\/2011\/08\/15\/the-more-drama-in-the-market-the-lower-mortgage-interest-rates-fall\/\" title=\"The More Drama In the Market, The Lower Mortgage Interest Rates Fall\">The More Drama In the Market, The Lower Mortgage Interest Rates  Fall<\/a><\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>I write about real estate and mortgages here: Feeling Betrayed By Fannie Mae Housing Crash Increases Rent Costs Huh? Not even Bank of America is safe from the grim economic news? 50\/50 Chance We&#8217;ll Fall Into A Recession For Underwater &hellip; <a href=\"https:\/\/lukeford.net\/blog\/?p=36159\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[922],"tags":[27541,27543,27540,27542,26572,18846],"class_list":["post-36159","post","type-post","status-publish","format-standard","hentry","category-real-estate","tag-30-year-fixed-rate-mortgages","tag-gangster-government","tag-goldman-sach","tag-home-loan-applications","tag-mortgage-interest-rates","tag-subprime-mortgage-crisis"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"I write about real estate and mortgages here: Feeling Betrayed By Fannie Mae Housing Crash Increases Rent Costs Huh? 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