Tag Archives: freddie mac

Wells Fargo CEO: Get The Government Out Of The Home Mortgage Business

Wells Fargo CEO: Get The Government Out Of The Home Mortgage Business

“If it wasn’t for Fannie and Freddie, [the mortgage crisis] would have been a small problem,” Wells Fargo CEO Richard Kovacevich told CNBC today. “Fannie and Freddie and other government agencies guaranteed 70 percent of those mortgages.” He’s right, of course, though Fannie and Freddie’s market penetration when far beyond that. At the time of

Bill Would Allow State Of North Dakota To Get Into The Wholesale Mortgage Business

North Dakota is unique among the states in having a state-run bank. Now, per a bill coming out of the Industry, Business and Labor Committee (at the request of the North Dakota Housing Finance Agency), the state wants to be a mortgage wholesaler too. Here’s the language from the bill, which is SB2079: The business

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