Should Government Control Mortgages? Debate Revs Up

But before legislators get down to the nitty-gritty, some big questions need to be answered. What does the government want from the housing market? And why should it be financing house purchases at all?

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But before legislators get down to the nitty-gritty, some big questions need to be answered. What does the government want from the housing market? And why should it be financing house purchases at all?

You have viewed your allowance of free articles. If you wish to view more, click the button below. [Read the full article]

Eighteen months after needing government rescues, mortgage finance firms Freddie Mac and Fannie Mae remain a thorn in the government’s side. The pair are still mired in financial troubles even after receiving around $127 billion in aid, but on Tuesday Treasury Secretary Tim Geithner reiterated the motives behind the bailouts, arguing that a “collapse of Fannie Mae or Freddie Mac would have had devastating consequences for the housing finance system and the broader economy,” in testimony before the House Financial Services Committee. Before the crisis, the two firms guaranteed more than $5 trillion in mortgage-based securities, representing almost half of the U.S. mortgage market. However, Geithner acknowledged that the pair had a flawed business model, operating as publicly traded firms with the implicit backing of the government. [Read the full article]

The Board of Directors of Hatteras Financial Corp. (NYSE: HTS) (“Hatteras” or the “Company”) today declared a quarterly dividend of $1.20 per common share for the first quarter of 2010. The dividend will be paid on April 23, 2010, to stockholders of record on April 2, 2010, with an ex-dividend date of March 30, 2010.

“We are pleased to declare a $1.20 dividend this quarter,” said Michael R. Hough, the Chief Executive Officer of Hatteras. “This dividend is supported by our expected earnings in the first quarter. In March, we realized the effects of the delinquent loan buybacks by Freddie Mac which were within our expectations. Fannie Mae recently provided additional clarity on their plans to buy back delinquent loans sequentially by coupon over a four month period with the effects beginning in April. [Read the full article]

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