Thursday, September 25, 2008

Full Disclosure

In light of some of my recent posts, I should repeat my disclosure that I worked at Freddie Mac between September 2002 and January 2004. I also own something like 200 shares of stock in the company (if it is important to anyone, I can check the exact amount). Those shares are of course not worth very much right now.

I made many close friends at Freddie, and learned more about mortgages that I could have possibly learned had I never left academia. I also found myself very disappointed with the company in all kinds of ways, which is why I didn't stay very long (although I also didn't stay long because I missed being a professor). I think senior management there has made a series of awful decisions.

Readers may draw their own conclusions about how seriously to take my views in light of this.


Anonymous said...

(You might not be checking older posts so I am commenting on this one.) Do you pointing me to the data that you used to make the following statement?

"The loan performance on Fannie's book of business is substantially better than the overall mortgage market."

Anonymous said...


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