And so Fannie Mae produces very strong results for investors in - when interest rates are high and when interest rates are low, in recession and during booms.

Quote by Franklin Raines

Topics: Franklin Raines Quotes

They flooded liquidity in the marketplace but the mortgage rate is based much more on...

They flooded liquidity in the marketplace but the mortgage rate is based much more on...

I think if you go beyond a year - if this continues into the system...

I think if you go beyond a year - if this continues into the system...

Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based...

Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based...

Well, you know, we've got a lot of stimulus in the economy already from the...

Well, you know, we've got a lot of stimulus in the economy already from the...

Well, I think the best form would be to put money directly in the pockets...

Well, I think the best form would be to put money directly in the pockets...

So from the housing standpoint, steady as you go, I think, would be the best...

So from the housing standpoint, steady as you go, I think, would be the best...

And so we have to be careful with looking at additional stimulus that we don't...

And so we have to be careful with looking at additional stimulus that we don't...

Right now we think that rates will stay low, that you'll be able to get...

Right now we think that rates will stay low, that you'll be able to get...

That is - the reason for that is that home prices are only going to...

That is - the reason for that is that home prices are only going to...

We are shrinking the size of the federal government as a percent of our economy...

We are shrinking the size of the federal government as a percent of our economy...

The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.

The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.

Well, there are about 10 million children that aren't covered by health insurance. About 3...

Well, there are about 10 million children that aren't covered by health insurance. About 3...

We think if the economy remains weak that we could see mortgage rates trail down...

We think if the economy remains weak that we could see mortgage rates trail down...

Well, I think as long as people are talking about stimulus, I think the Fed...

Well, I think as long as people are talking about stimulus, I think the Fed...

Right now the long-term investors are telling us that they're not as concerned about inflation...

Right now the long-term investors are telling us that they're not as concerned about inflation...

If there's a severe recession, the automatic stabilizers will come into effect, and we will...

If there's a severe recession, the automatic stabilizers will come into effect, and we will...

And so the danger for the housing industry is if we see interest rates rise.

And so the danger for the housing industry is if we see interest rates rise.