The financial aftershocks of the housing crisis of 2008 are still being felt today. This is clearly evident in the secondary mortgage market. Fannie Mae continues to write off loans and experiences losses on many loans originated between 2005-2008 and has requested $8.5 billion more in Treasury financing. The company also pays billions on dividends from similar past investments from the Treasury. Stricter credit standards and the prospect of higher mortgage rates in the future will serve as headwinds to any increases in purchases made by the mortgage giant.
Complete article link: http://www.helium.com/items/2153231-fannie-mae-preferred-share-program-with-department-of-treasury
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