The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (51162)	1/24/2006 2:13:39 PM
From: Mike Johnston	Read Replies (2) of 110194

Maybe a New Fannie Mae will be created, let's call it Federal National Loan Association, Fannie Lae for short. The banks can provide no interest mortgage assistance loans to people that have difficulty staying current on their mortgage due to slow economy. The banks then can offload the loans to the new GSE. I don't think anybody would have trouble affording a 0% loan, even if eventually the whole mortgage balance would be replaced. Everybody wins: 1. The Fed gets to distribute new money. 2. The banks increase profits with 0 risk. 3. Thousands of new jobs are being created. 4. Stability of distressed neighborhoods is maintained. 5. Homeowners get to keep their homes. 6. Housing market is prevented from collapsing. 7. The number of delinquent mortgages goes down, improving lender balance sheets.

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