Joshua Rosner, co-author of a book detailing Fannie Mae’s role in the housing crisis, said he sees parallels between the failed mortgage-finance giant and the strategies JPMorgan Chase & Co. uses to win government and investor confidence.
Fannie Mae and Freddie Mac ’s regulator may identify as much as $30 billion of debt included in mortgage bonds that the companies can force sellers to repurchase, according to Joshua Rosner , an analyst who in 2007 predicted the collapse in the market for the securities.
The Federal Reserve is asking for public input on whether to put restrictions on banks’ trading and warehousing of physical commodities amid lawmaker scrutiny of potential conflicts of interest and market manipulation.
Efforts by Fannie Mae and Freddie Mac to force sellers to repurchase soured mortgages may be weakened by the replacement of their “very aggressive” regulator, Graham Fisher & Co. analyst Joshua Rosner said.
JPMorgan Chase & Co., the biggest U.S. bank, is using cheap funding from government-chartered institutions to meet new regulations designed to ensure it won’t need a taxpayer bailout in any future crisis.
Deutsche Bank AG, perennially among the top three in global credit markets, made billions of dollars of loans to banks worldwide since 2008 and accounted for them in a way that obscured their continuing risk to investors.