The Real Reason Fannie Mae and Freddie Mac Are In Trouble

My old friend Bill Burnham has an outstanding post up explaining just how Fannie Mae and Freddie Mac ended up in their current pickle. I highly recommend checking it out. “Fannie‚Äôs drive to lower underwriting standards had created a pool of mortgage debt with a much higher level of embedded moral hazard risk as well … Continue reading The Real Reason Fannie Mae and Freddie Mac Are In Trouble