TITLE

Q&A: Pimco's Simon Says Housing Will Collapse without Fannie, Freddie

AUTHOR(S)
Berry, Kate
PUB. DATE
May 2013
SOURCE
American Banker;5/14/2013, Vol. 178 Issue 74, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Interview
ABSTRACT
The article presents an interview with Scott Simon, Pacific Investment Management Co.'s (Pimco's) managing director and head of mortgage-backed securities. Simon says the housing finance market needs the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Simon also says the GSEs should be reformed, should not have investment portfolios, and should be operated like utilities but with a mortgage loan guarantee function. He says the profitability outlook for GSEs is good.
ACCESSION #
87603826

 

Related Articles

  • Bipartisan Group Embraces FDIC-Like System for Mortgages. Finkle, Victoria // American Banker;2/26/2013, Vol. 178 Issue 30, p10 

    The article presents information from the Bipartisan Policy Center's report on reforming the U.S. housing finance market and the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The report outlines a government guarantee model that will promote private sector participation in...

  • Meet the New GSE Plan, Same As Old Plan? Borak, Donna // American Banker;3/1/2011, Vol. 176 Issue 32, p1 

    The article discusses a proposed plan in the U.S. for housing finance which creates a reinsurance program that guarantees mortgage-backed securities during a financial crisis. The advantage of this plan over the government-sponsored enterprises Fannie Mae's and Freddie Mac's finance systems is...

  • Will New Year Bring Reform of The GSEs? Borak, Donna; Adler, Joe; Finkle, Victoria // American Banker;12/3/2012, Vol. 177 Issue 183, p1 

    The article discusses the outlook for the U.S. government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, noting the Federal Housing Finance Agency (FHFA) has been making incremental changes to the housing finance system. The article notes the perspective of some financial industry...

  • It's Time to Reboot Housing Reform. Rossi, Clifford V. // American Banker;11/14/2012, Vol. 177 Issue 175, p7 

    The article argues the U.S. housing finance market needs to be reformed. A discussion of how to change the mortgage financing, servicing, and underwriting processes and also address legacy asset management and uncertainty issues in the housing market is presented. Topics include establishing a...

  • Obama: Help for Homeowners Should Be Part of GSE Reform Package. Borak, Donna // American Banker;8/ 8/2013, Vol. 178 Issue 122, p18 

    The article reports on U.S. President Barack Obama's August 6, 2013 speech in Phoenix, Arizona and notes excerpts from the speech. The topics include housing finance reform, closing the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, and the President's rejection of the idea...

  • Obama Provides More Details on GSE Reform Plans. Borak, Donna // American Banker;8/7/2013, Vol. 178 Issue 121, p18 

    The article reports on U.S. President Barack Obama's August 6, 2013 speech in Phoenix, Arizona and notes excerpts from the speech. The topics include housing finance reform, closing the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, and the President's rejection of the idea...

  • Four Predictions for the Future of Housing Finance Reform. Blackwell, Rob // American Banker; 

    The article offers four predictions related to the outlook for U.S. housing finance reform as of September 26, 2013. A final legislative bill will include a government guarantee on loans. Private investors' equity threshold for loans backed by a proposed Federal Mortgage Insurance Corp. will be...

  • Taxpayer-Friendlier Homeownership Options. Kahr, Andrew // American Banker;10/26/2011, Vol. 176 Issue 165, p8 

    The article presents the author's view that the U.S. government should not own or guarantee residential mortgages. The argument is based on alternative solutions including the topics of the government's role in housing finance, causes of the real estate bubble, and tax cashout refinancing. The...

  • GSE Reform Still a Top Priority for Administration.  // Asset Securitization Report;Feb2014, Vol. 14 Issue 2, p16 

    Information about a panel discussion held at the ABS Vegas conference in Los Vegas, Nevada on January 21-24, 2014 on Government Sponsored Enterprise (GSE) reform in the U.S. is presented. Topics discussed include comprehensive housing finance reform, combined GSE net income through the third...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics