GSE Archive

GSEs renting foreclosed properties

>    >   (email exchange) >    >   On Mon, Mar 1, 2010 at 3:40 PM, wrote: >    >   Hi Warren, >    >   I believe this is along the lines of your idea a while back to mitigate the >   foreclosure problem by having the US Gov’t step in and take ownership of the >   real property and rent the ...Read More

Re: Government support for GSE assets and debt

[Skip to the end] Yes, the Fed is the agency that’s set up to buy financial assets, not the treasury as per the TARP. They got that one wrong, this one right, in that respect. Of course, no excuse not doing this a year ago- more evidence of a failure to grasp ...Read More

Re: Agency details

[Skip to the end] (an email exchange) >    >   On Sun, Sep 7, 2008 at 8:33 PM, Mike wrote: >    >    >   In exchange the Treasury receives a quarterly fee, dividend payments and >   ”warrants representing an ownership stake of 79.9% in each GSE going >   forward.” >    >   Support of Agency MBS market: The Treasury will ...Read More

AGY MBS UPDATE: 08/12/08

[Skip to the end] On Tue, Aug 12, 2008 at 5:18 PM, Andrew wrote: AGY MBS UPDATE: 08/12/08 General Themes: Mortgages were weaker to dealer hedge ratios – versus CXLs they were down only -5cents The small CXL daily price change masks what was a pretty bad performance for mortgages Dealer OAS’s ...Read More