(NOTE: Want to learn how to flip houses to hedge funds? Click here for our “Partnering With Hedge Funds” special report.)
From Jason Payne, Market News Analyst …
Wow.
There now appears to be a chance that we’ll all be waving “goodbye” to Fannie Mae and Freddie Mac in approximately five years.
Specifically, leaders of the Senate Banking Committee introduced a plan last weekend to replace the two financiers with a government-backed mortgage-bond insurer.
And although much debate and political wrangling will surely ensure during the upcoming months and years, it is notable that this Senate proposal is already supported by the White House.
In 2008, the federal bailout of these government-sponsored entities was partially credited with averting a collapse of the financial system, and a majority of folks in Washington and on Wall Street were quite relieved when Fannie and Freddie were able to survive on economic life support.
But now, less than six years later, we may be seeing the beginning of the end for these mortgage giants.
…
Jason Payne
is a management consultant and founder of the Groundwar Group -- a private consulting firm providing premier corporate advisory and leadership training solutions for business leaders and investors worldwide. Mr. Payne is also the Senior Market News Analyst and a featured "Mindset" advisor for more than 15,000 entrepreneurs and investors at RealEstateMogul.com -- roles he has held since 2013 and 2014, respectively. In these capacities, Jason draws from more than a decade of successful business and investment research on Wall Street to provide insightful commentaries on a wide variety of investing- and leadership-related topics.
Mr. Payne began his career as a research analyst in the award-winning Equity Research department of Morgan Keegan & Company, where at 26 years of age, he became one of the youngest published analysts on Wall Street -- with a specialized focus on real estate investment trusts (REITs). Jason also holds a degree in Finance from New York University's prestigious Leonard N. Stern School of Business, and he is currently completing his professional residency within the Global Leadership Training program of Uruguay's multinational Geronimo Center for Innovation & Leadership.