Speaking at a roundtable-style event in a donut shop in New Haven, Connecticut, over the weekend, Democratic presidential hopeful Hillary Clinton addressed the audience about various current hot button topics, one of which was the housing crisis. Clinton said that Republicans were to blame for the 2008 foreclosure crisis and subsequent Great Recession that devastated the country.
Other high profile Democrats, among them Clinton’s rival for the party’s presidential nomination, Bernie Sanders, and Senator Elizabeth Warren have blamed Wall Street for the financial crisis. Clinton’s rivals have accused her of being an ally of Wall Street since it came to light a few months ago that she accepted nearly 700 thousand dollars from Goldman Sachs to deliver three speeches.
Later this year, Fannie Mae will begin securitizing reperforming mortgage loans on its balance sheet, according to an announcement from Fannie Mae on Monday. The securitization of these loans gives Fannie Mae the option of further reducing its retained mortgage portfolio by selling the mortgage-backed securities to investors.