What does Freddie Mac's Loss Mean on Capitol Hill ?
Print
Email
Share
Reprints
News Tip?
Get Alerts
Beltway Buzz Archive
- The A Piece Strikes Back
- Here Come the Accounting...
- Life's Appetite for Real...
- 4 Signs of Life in the...
More Related Topics
- City Council Approves Beauregard Redevelopment Plan
- DEAL WRAPAlvarado Joins CBRE
- Kettler to Start Third Phase of Metropolitan Park Development
- UPDATETaxes In Texas: Look For a CRE Appraisal Increase
- HSM Returns to West Texas, Partners with Former G&E Team
Most Recent Blog Posts
- Practical CounselDeal Closers and Deal Killers
- Chief EconomistThe Jobs Report and Washington's Cognitive Dissonance
- TrendCzarInstagram’s Unsettling Message
- Practical CounselIF THE ECONOMY IS IMPROVING, WHY DOES IT FEEL LIKE IT IS STUCK IN THE DITCH?
- TrendCzarNot So Merry Old England Has One Edge
Related Videos
- GlobeSt.TVAlaskan Economy Rides Out Recession
Freddie Mac has posted an eye-popping $8 billion first-quarter loss -- an amount higher than the $7.8 billion that Freddie lost in Q4 2009. The GSE will be seeking more funding from the government. In the short run it will likely get it. The Obama Administration has all but said the sky's the limit for keeping Fannie and Freddie solvent. There is a case to be made for that - certainly multifamily companies like that position. However the numbers also bolster a case being made by some Republicans that it is time to cut the cord for Fannie and Freddie. Unfortunately, they may be the right -- the government's support of the two GSEs in the long run is not sustainable. It is also hindering private market solutions, such as a multifamily CMBS. Given the strong constituency that wants to keep the status quo with the GSEs - at least, again for multifamily - the situation is not likely to change any time soon. Including the GSE's bleeding red ink.
(To search across all ALM blogs, go to www.Lexis.com.)
GLOBEST.COM B2B FEATURED SERVICE PROVIDERSAdd your company
 |
 |
 |
 |
| Apartment Bank | Coldwell Banker Commercial | Green Courte Partners | Lone Oak Fund |
Comments+ Add your comment
Post your comment
You must be registered to post a comment. Click here to register.
Log in
If you have already registered to GlobeSt.com, please use the form below to login. When completed you will immeditely be directed to post a comment.
Industry Blogs
News and views from CoreNet Global Summits in the Americas, EMEA and Asia-Pacific, brought to you by Jones Lang LaSalle attendees and speakers at the conferences. more
The Commercial Tenant Resource is focused on commercial
space users across the United States. Our goal is to highlight important
issues in commercial real estate to those responsible for their own
company's portfolio. We will arm you with leverage and ideas from the
tenant's perspective. more
Submitted by: Ken Ashley
TheSquareFoot is an online platform that helps prospective tenants find the perfect commercial real estate space to lease. The firm’s blog offers insight on this and other commercial real estate topics. more
Creating wealth in commercial real estate requires an exceptional understanding of both micro and macro determinants of real estate values. This blog titled "Dirt Experience meets Wall Street" provides fresh, intelligent, and sometimes cynical insights on buying buildings in today's market. more
Submitted by: Dan Pryor
Engaging stories, sometimes rants, about financial matters
including real estate, banking, regulation, and trues stories (with names
changed to protect the gulity). Author is a cross between Dr. Phil and Dr.
House. more
Submitted by: Bob Greenfest
John Kobierowski, a twenty year veteran of the multifamily business explores the in and outs of the apartment market in Phoenix. Follow me as we explore the market, the myths, current events and the backstories of the business. more
Registered members now have the ability to post links to their industry-related blog — a valuable marketing opportunity not available on other sites. Start the conversation today. more
Erika, I am surprised at your choice of words "unfortunately they [Republicans] might be right." Unfortunately? As a tax payer, you should be shouting from the rooftops that somebody in Congress is finally doing something about one of the most poorly run, money losing goverment operations of all times. Given what F&F has done over the past several years, Amtrak, the DMV and the Post Office look like reasonable operations. At formation and with a more limited scope, F&F served a purpose and function well in the market. However, like all goverment entities that do not have to compete or turn a profit, it has failed spectacularly. F&F is now a disaster. Another $8 billion? Sickening. Jeff Hawkins
San Diego