Backstop Loans News Today

Liquid and moving. critics say this moves the housing market too fast. some say without the government involved, not everyone has access to the american dream of a home loan. the first option is to get out of the mortgage market completely. the second is to backstop loans or have a private structure to backstop loans. and third, only have backstop loans during market stress. the white house wants to clearly be very careful about what theyre doing to avoid another leg down in the housing market. ...

House will offer white paper with three options to put before congress to figure out a solution how to get rid of these ailing, bleeding giants and have a healthy housing market. one option, get out of the mortgage market altogether. get the government out of the mortgage market with the exception of the fha which makes home loans available to poor people who otherwise would never get a loan. backstop loans in some cases. or backstop loans only during market stress. so now putting these three id...

So what do you do here and how do you get the taxpayer out of the business of supporting the mortgage market? how big is it? 9 out of 10, 90% of the home loans -- 90% of all homes in this country mortgages are filtered through the government either through fannie, freddie or from the fha. taxpayers paid to have rescue these two big ones, $100 billion, $200 billion. we have to make sure it doesnt happen again. we have to be careful, though, this is slow it doesnt kill an already very fragile hous...