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Loan Modification

: Mortgage Lender Implode-o-Meter

Has Obama Committed Future Administrations to an Explicit Indirect Guarantee on Agency Debt?

By Implode-Explode Heavy Industries

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"We also recognize that financial markets and the public are depending on the ability of the GSEs in their current form to perform on their obligations. The government is committed to ensuring that the GSEs have sufficient capital to perform under any guarantees issued now *** or in the future *** and the ability to meet any debt obligations. The Administration will take care not to pursue policies or reforms that would threaten to disrupt the function or liquidity of GSE securities or the ability of the GSEs to meet their obligations."

Full post as published by Mortgage Lender Implode-o-Meter on September 16, 2010 (boomark / email).

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