Category Archives: legislation

Fed Takeover of Freddie and Fannie May Provide Temporary Stability, But Is it Just a Band-Aid?

Posted on September 10, 2008 by Isaac Gradman

By now, most have heard the news that the Federal Government stepped in on Sunday to exercise the authority granted to it by Congress in July to bail out government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae. The major … Continue reading →

Posted in broader credit crisis, causes of the crisis, education, Fannie Mae, Freddie Mac, legislation, lenders, liquidity, mortgage market, securitization, stability, subprime, takeover | 1 Comment

California Legislature Reaches Compromise on Subprime Reform Bill

Posted on August 20, 2008 by Isaac Gradman

The L.A. Times reports that the California has reached a compromise with consumer and lending groups on a bill that would guard against some of the practices that contributed to the subprime crisis. The bill, an amended version of AB … Continue reading →

Posted in Alt-A, broader credit crisis, Countrywide, education, incentives, legislation, lenders, predatory lending, ratings agencies, subprime | Leave a comment