{"id":1004211927,"date":"2012-08-21T00:00:00","date_gmt":"2012-08-21T08:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/cpe-uncategorized\/another-nail-in-the-coffin\/1004211927.html"},"modified":"2020-04-02T10:21:27","modified_gmt":"2020-04-02T18:21:27","slug":"another-nail-in-the-coffin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/","title":{"rendered":"Keat Foong: Another Nail in the Coffin?"},"content":{"rendered":"

By Keat Foong<\/p>\n

\"\"<\/a>Is this one more nail in the coffin for low-interest, long-term, mortgages for homeowners?<\/p>\n

The Obama Administration says it is taking further action to facilitate the eventual closing of Fannie Mae and Freddie Mac. The Treasury Department announced three steps:<\/p>\n

-An increase in the rate of reduction of the GSEs\u2019 investment portfolio: from 10 percent to 15 percent<\/p>\n

-The GSEs will submit an annual plan on actions to reduce taxpayer exposure to mortgage credit risk<\/p>\n

– Fannie Mae and Freddie Mac will forward all profits to the Treasury.\u00a0They will no longer need to submit\u00a010 percent of dividends to the Treasury.<\/p>\n

The profit sweep is intended in part to prevent the GSEs from retaining profits, rebuilding capital and returning to the market, says the Treasury.<\/p>\n

And, Fannie and Freddie have recently been profitable<\/a>, so taxpayers may have now have a better chance of benefiting from the new rules.<\/p>\n

Fannie and Freddie have provided for implicit government backing of housing securities, thus bringing down the cost of singlefamily and multifamily mortgages. While they have no qualms with ending government support for homeowners, however, investors are arguing that they need government support for themselves. One argument is that the multifamily side of housing has been healthy, unlike the singlefamily sector.<\/p>\n

If the government drastically curbs homeownership, however, that may\u00a0present a big shock to the economy. Such considerations may prevent any rash legislative action in 2013. For that reason, perhaps government support for favorable interest mortgages for homeownership will slowly, though surely, become a thing of the past. Uninformed by the media, consumers thus far do not seem all that concerned.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Keat Foong Is this one more nail in the coffin for low-interest, long-term, mortgages for homeowners? The Obama Administration says it is taking further action to facilitate the eventual closing of Fannie Mae and Freddie Mac. The Treasury Department announced three steps: -An increase in the rate of reduction of the GSEs\u2019 investment portfolio:…<\/p>\n","protected":false},"author":1269,"featured_media":1004508517,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39372],"tags":[],"class_list":["post-1004211927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cpe-blog"],"acf":[],"yoast_head":"\nKeat Foong: Another Nail in the Coffin? - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Keat Foong: Another Nail in the Coffin?\" \/>\n<meta property=\"og:description\" content=\"By Keat Foong Is this one more nail in the coffin for low-interest, long-term, mortgages for homeowners? The Obama Administration says it is taking further action to facilitate the eventual closing of Fannie Mae and Freddie Mac. The Treasury Department announced three steps: -An increase in the rate of reduction of the GSEs\u2019 investment portfolio:…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-08-21T08:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-02T18:21:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Foong_Keat.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1488\" \/>\n\t<meta property=\"og:image:height\" content=\"2240\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Keat Foong: Another Nail in the Coffin?\",\"datePublished\":\"2012-08-21T08:00:00+00:00\",\"dateModified\":\"2020-04-02T18:21:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/\"},\"wordCount\":277,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Foong_Keat.jpg\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/\",\"name\":\"Keat Foong: Another Nail in the Coffin? - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Foong_Keat.jpg\",\"datePublished\":\"2012-08-21T08:00:00+00:00\",\"dateModified\":\"2020-04-02T18:21:27+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Foong_Keat.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Foong_Keat.jpg\",\"width\":1488,\"height\":2240},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/another-nail-in-the-coffin\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Keat Foong: Another Nail in the Coffin?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\",\"name\":\"the Editors of Commercial Property Executive\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"caption\":\"the Editors of Commercial Property Executive\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/theeditorsofcommercialpropertyexecutive\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Keat Foong: Another Nail in the Coffin? - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/","og_locale":"en_US","og_type":"article","og_title":"Keat Foong: Another Nail in the Coffin?","og_description":"By Keat Foong Is this one more nail in the coffin for low-interest, long-term, mortgages for homeowners? The Obama Administration says it is taking further action to facilitate the eventual closing of Fannie Mae and Freddie Mac. The Treasury Department announced three steps: -An increase in the rate of reduction of the GSEs\u2019 investment portfolio:…","og_url":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-08-21T08:00:00+00:00","article_modified_time":"2020-04-02T18:21:27+00:00","og_image":[{"width":1488,"height":2240,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Foong_Keat.jpg","type":"image\/jpeg"}],"author":"the Editors of Commercial Property Executive","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/"},"author":{"name":"the Editors of Commercial Property Executive","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb"},"headline":"Keat Foong: Another Nail in the Coffin?","datePublished":"2012-08-21T08:00:00+00:00","dateModified":"2020-04-02T18:21:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/"},"wordCount":277,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Foong_Keat.jpg","articleSection":["Blog"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/","url":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/","name":"Keat Foong: Another Nail in the Coffin? - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Foong_Keat.jpg","datePublished":"2012-08-21T08:00:00+00:00","dateModified":"2020-04-02T18:21:27+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Foong_Keat.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Foong_Keat.jpg","width":1488,"height":2240},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/another-nail-in-the-coffin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Keat Foong: Another Nail in the Coffin?"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb","name":"the Editors of Commercial Property Executive","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","caption":"the Editors of Commercial Property Executive"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/theeditorsofcommercialpropertyexecutive\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Foong_Keat.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1269"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004211927"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211927\/revisions"}],"predecessor-version":[{"id":1004407477,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211927\/revisions\/1004407477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004508517"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004211927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004211927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004211927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}