Fatal fault lines

Since leaving Freddie Mac, I have thought a lot about my experiences there, about the things Freddie Mac did right and wrong, and more broadly about the strengths and weaknesses of the GSE-model of housing finance. I’ve looked at respected analyses of mortgage...
Beginning of the end

Beginning of the end

Early one Monday morning in late August 2008, I walked into another vice president’s office and shut the door. I needed to know how bad things were. He was more knowledgeable about where Freddie Mac stood in the capital sense, that is, whether the company was still...

Reflecting at 10 years

So…here are are: August 2018 It’s been 10 years since the fateful unwinding of my former company, Freddie Mac. That once proud Fortune 50 company, along with Fannie Mae, had been the backbone of the country’s housing finance system. In many ways, it...