Freddie Mac Quotes & Sayings

Now they feel not only known and still loved, but also loved because they are known. — Geoffrey Wood

Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world's largest financial institutions and play a crucial role in the housing market. — Alex Berenson

One third of the $15 trillion of mortgages in existence in 2008 are owned, or securitized by Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Housing and the Veterans Administration. Wall Street buyers of repackaged loans didn't mind buying risky paper because they assumed that they would be guaranteed by the federal government: read bailout from the taxpayers. Today's housing mess can be laid directly at the feet of Congress and the White House. — Walter E. Williams

Religion is what a person does in his solitariness. — Alfred North Whitehead

The certitude that everything has been written negates us or turns us into phantoms. I know of districts in which the young men prostrate themselves before books and kiss their pages in a barbarous manner, but they do not know how to decipher a single letter. Epidemics, heretical conflicts, peregrinations which inevitably degenerate into banditry, have decimated the population. I believe I have mentioned suicides, more and more frequent with the years. Perhaps my old age and fearfulness deceive me, but I suspect that the human species
the unique species
is about to be extinguished, but the Library will endure: illuminated, solitary, infinite, perfectly motionless, equipped with precious volumes, useless, incorruptible, secret. — Jorge Luis Borges

If your appraisal comes back too low - you don't have at least 10% equity for a conforming loan or 20% for a jumbo loan - you might not be able to refinance at all, at least with a loan that's packaged and sold to Fannie Mae and Freddie Mac. That means you may have to pay a much higher rate. — Jean Chatzky

For though there was no chance of persuading a pension fund manager looking to make a longer-term loan to buy a Freddie Mac bond that could evaporate tomorrow, one could easily sell him the third tranche of a CMO. — Michael Lewis

We faced a crisis caused by the Federal Reserve, the corporate tax system, Fannie Mae and Freddie Mac, and the Community Reinvestment Act. But the response of many people in Washington was to blame it on capitalism. — David Boaz

Fannie Mae and Freddie Mac buy mortgages from banks and other lenders, providing those financial institutions with capital to make new loans. — Charles Duhigg

The Great Bailout is mostly over for the banks. But for those troubled behemoths of the nation's housing bust, Fannie Mae and Freddie Mac, the lifeline from Washington just keeps getting longer. — Charles Duhigg

Well, Mark, I led the charge for five or six years to get reforms for Fannie Mae and Freddie Mac. I was chairman of an organization called 'FM Policy Focus.' What we were saying was, if there was blip in the housing market, Fannie and Freddie would destabilize the greatest economy in the world. — J. C. Watts

In September 2008, the two largest housing mortgage companies called Fannie Mae and Freddie Mac, which were government-sponsored enterprises, which hold hundreds of billions of dollars of mortgages, because of the losses they took on the mortgages, they essentially became insolvent, and the government had to take them over. — Ben Bernanke

Every tribe needs a good front man to sell the program. Who better to convince the Middle East to give up the oil, than a brown man with a Muslim name? — Lenny Bruce

A girl locked in a tower with no life experience. But, you know, Rebecca ... this isn't a fairy tale. Your tower will never protect you from the darkness outside."
"And your tower will always be a prison," I said softly. — Gina Marinello-Sweeney

I describe myself as a simple Buddhist monk. No more, no less. — Dalai Lama

We do not have a crisis at Freddie Mac, and particularly Fannie Mae, under the outstanding leadership of Frank Raines. — Maxine Waters

There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them. — Mark Zandi

I think that the responsibility that the Democrats had may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac. — William J. Clinton

( ... ) the train goes fast and is going fast when it crosses a little trestle. You catch the sober, metallic, pure, late-light, unriffled glint of the water between the little banks, under the sky, and see the cow standing in the water upstream near the single leaning willow. And all at once you feel like crying. But the train is going fast, and almost immediately whatever you feel is taken away from you, too. — Robert Penn Warren

I didn't want to make teenage comedies, and I didn't want to make really trashy films. I wanted to make films that were a bit challenging. — Mick Jagger

We're not going to beat Barack Obama with some guy who has Swiss bank accounts, Cayman Island accounts, owns shares of Goldman Sachs while it forecloses on Florida and is himself a stockholder in Fannie Mae and Freddie Mac while he tries to think the rest of us are too stupid to put the dots together to understand what this is all about ... People matter more than Wall Street. — Newt Gingrich

Between the Community Redevelopment Act, requiring banks to make what I would call very weak loans, and specific quotas that the Congress imposed on Fannie Mae and Freddie Mac, that created the market demand that really led to the subprime phenomenon. — Wilbur Ross

Analysts say that one reason Fannie Mae and Freddie Mac were privatized in the first place was to prevent political whims from dominating the mortgage marketplace. — Charles Duhigg

For that purpose, partly as the result of Ranieri's persistent lobbying, two new facilities had sprung up in the federal government alongside Ginnie Mae. They guaranteed the mortgages that did not qualify for the Ginnie Mae stamp. The Federal Home Loan Mortgage Corporation (called Freddie Mac) and the Federal National Mortgage Association (called Fannie Mae) between them, by giving their guarantees, were able to transform most home mortgages into government-backed bonds. — Michael Lewis

The big fear of the 1980s mortgage bond investor was that he would be repaid too quickly, not that he would fail to be repaid at all. The pool of loans underlying the mortgage bond conformed to the standards, in their size and the credit quality of the borrowers, set by one of several government agencies: Freddie Mac, Fannie Mae, and Ginnie Mae. The loans carried, in effect, government guarantees; if the homeowners defaulted, the government paid off their debts. — Michael Lewis

I think that my love of cooking grew out of my love of reading about cooking. When I was a kid, we had a bookcase in the kitchen filled with cookbooks. I would eat all my meals reading about meals I could have been having. — Samantha Bee

Fixing Fannie Mae and Freddie Mac in isolation, without looking at the big picture, would be short-sighted. — Bethany McLean

When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work. — Peter Lynch

Love is blind, there was no doubt about it. In Tara's case it was also deaf, dumb, dyslexic, had a bad hip and the beginnings of Alzheimer's — Marian Keyes

These two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis, — Barney Frank

Freddie Mac and Fannie Mae, although they're not officially debt of the federal government, they are off-balance-sheet debt. — John Thune

It never leaves, not with someone we love. Their presence burns too vivid in our memories. Happen that is as it should be, for otherwise we would too easy forget. — Helen Hollick

Mountains, according to the angle of view, the season, the time of day, the beholder's frame of mind, or any one thing, can effectively change their appearance. Thus, it is essential to recognize that we can never know more than one side, one small aspect of a mountain. — Haruki Murakami

The winner isn't the first one to get there, but the first one to make the most of all the potential of the discovery. — Ferran Soriano

RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk." — Gary H. Stern

If Freddie Mac is unable to raise capital, it could spark a political and financial crisis. — Charles Duhigg

Fannie Mae and Freddie Mac - two bloated and corrupt government-sponsored programs - contributed heavily to the crisis.In order to prevent another crisis, we need to do what we should have done years ago - reform Fannie Mae and Freddie Mac. We also need to repeal Dodd-Frank, the Democrats' failed solution. Under Dodd-Frank, 10 banks too big to fail have become five banks too big to fail. Thousands of community banks have gone out of business. — Carly Fiorina