“BFM FHLMC Mortgsecurities Fund” on The Daily Caller

With New York Gov. David Paterson self-immolating, the New York political establishment has all but decided that crown prince Andrew Cuomo will ascend to the gubernatorial throne. (more)

As sales of new homes reach historic lows, there are increasingly strident calls for Washington to do something. These demands for action, however, fail to recognize that it was government, mostly Washington, which got us into this mess in the first place. Decades of subsidies for the housing industry have resulted in booms and busts that have repeatedly undermined the strength of our financial institutions while leaving the nation with a massive inventory of vacant homes. (more)

The average 30-year fixed-rate mortgage slipped below 5% again this week, marking the third week in 2010 that it has been lower than that level, according to Freddie Mac’s weekly survey of conforming mortgage rates. (more)

Russia urged China to dump its Fannie Mae and Freddie Mac bonds in 2008 in a bid to force a bailout of the largest U.S. mortgage-finance companies, former Treasury Secretary Henry Paulson said. (more)