{"id":194675,"date":"2008-08-27T17:35:00","date_gmt":"2008-08-27T22:35:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/27\/gse-update\/"},"modified":"2008-08-27T17:35:00","modified_gmt":"2008-08-27T22:35:00","slug":"gse-update","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/27\/gse-update\/","title":{"rendered":"GSE Update"},"content":{"rendered":"<p>Two bits of news about Fannie Mae and Freddie MAC that bear notice:<\/p>\n<p>First, it appears that the credit default swaps, think insurance with a bunch of corruption thrown in, on the GSEs <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aH.H8Wh0e5B8&amp;refer=home\">could face a 5 year delay in pay-outs in the event of a government bailout<\/a>, and S&#038;P lowered the rating on subordinated debt as a result to BBB+ from A-.<\/p>\n<p>Also it appears that <a href=\"http:\/\/www.atimes.com\/atimes\/Global_Economy\/JH28Dj02.html\">the foreign investors who largely bankrolled the GSE&#8217;s business during the housing boom are retrenching<\/a>, meaning that it will be harder for them to find additional financing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two bits of news about Fannie Mae and Freddie MAC that bear notice: First, it appears that the credit default swaps, think insurance with a bunch of corruption thrown in, on the GSEs could face a 5 year delay in pay-outs in the event of a government bailout, and S&#038;P lowered the rating on subordinated &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1088],"tags":[],"class_list":["post-194675","post","type-post","status-publish","format-standard","hentry","category-finance","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194675"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194675"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194675\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}