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Discussion and Debate
Discussion and Debate
Politics
American Politics
So if the economy is so great.......
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<blockquote data-quote="FreeinChrist" data-source="post: 74289270" data-attributes="member: 8879"><p>That is a different aspect of housing sales. The OP is more about the mortgage business itself.</p><p>That is more about the market .</p><p></p><p>From the article I linked:</p><p></p><p style="margin-left: 20px">“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.</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px">“If we do nothing, this is going to end very badly,” he added.</p> <p style="margin-left: 20px"></p><p>Some companies look real good right now, but they owe a great deal of money that is coming due. Too many are zombie companies. Likewise, Freddie Mac and Fannie Mae are too leveraged.</p></blockquote><p></p>
[QUOTE="FreeinChrist, post: 74289270, member: 8879"] That is a different aspect of housing sales. The OP is more about the mortgage business itself. That is more about the market . From the article I linked: [INDENT]“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. “If we do nothing, this is going to end very badly,” he added. [/INDENT] Some companies look real good right now, but they owe a great deal of money that is coming due. Too many are zombie companies. Likewise, Freddie Mac and Fannie Mae are too leveraged. [/QUOTE]
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So if the economy is so great.......
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