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Administration Declares GSE Model "Dead", Increases Down Payment Requirements, Sends Gold To Highs Of Week

By Implode-Explode Heavy Industries

``after skimming the report, the key findings are: "We recommend FHFA employ a number of policy levers ? including increased guarantee fee pricing, increased down payment requirements, and other measures ? to bring private capital back into the mortgage market and reduce taxpayer risk.'' -- But can the politicos really stomach pulling the government out of the backbone of the housing market?

Full post as published by Mortgage Lender Implode-o-Meter on February 11, 2011 (boomark / email).