The Next Fannie Mae

September 21, 2009 at 7:25 pm  ·  Category: Government, Macro Economics, Real Estate

The Wall Street Journal wrote an editorial on the dangerous growth at Ginnie Mae on August 11th: “The Next Fannie Mae”.  It makes the same points I made the other day in “Ginnie Mae Accounts for 20% of New Mortgages In 2009”.

There is one discrepancy in the two WSJ pieces.  The editorial says Ginnie Mae guaranteed $680 billion of mortgage backed securities through July.  The other WSJ article said the number was $298 billion through August.  Big difference.

ginnie-mae-mbs-guarantees

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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