Monthly Archives: February 2010

Freddie Mac’s Losses Decline

That’s about the only good news that I can find in the latest figures. Freddie Mac says it does not need new federal government subsidies. The Obama administration is taking its sweet time reforming these drunk on subsidies companies. The … Continue reading

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Jumbo Mortgage Market Improves

Big expensive homes have been hard hit by the housing crisis. Fannie Mae and Freddie Mac have limits on the expenses of homes whose mortgages they guarantee. Some of those owning these expensive homes have been able to refinance to … Continue reading

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Reforming Fannie Mae, Freddie Mac

U.S. Treasury secretary Timothy Geitner says that the Obama administration will wait until 2011 to unveil a plan to reform the GSEs Fannie Mae and Freddie Mac. We’re still in the middle of a housing crisis and the Obama administration … Continue reading

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Chase Blamed For Not Modifying More Mortgages

Why are banks getting blamed for not modifying more mortgages? Why should they modify mortgages unless they believe it is in their self-interest? What about the sanctity of contracts? People signed up for certain terms. If they can’t live up … Continue reading

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Get Ready For The Next Wave Of Foreclosures

I am so glad that the federal politicians chose to bail out Fannie Mae and Freddie Mac. It is only costing us taxpayers over $200 billion. That’s crazy. I’d love to see what some free market policies would do for … Continue reading

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Low Demand For Mortgage Loans

How are you going to take out a mortgage loan if you don’t have a job? Or you fearing losing your job? Or your hours and benefits are getting cut back. People are scared. I know I am scared. I … Continue reading

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Why Fannie Mae, Freddie Mac Went Broke

Because they follow the dictates of politicians. Politicians, be they Republicans or Democrats, saw increased home ownership as an absolute good. They ended up sacrificing our entire economy for this false god. Neither home ownership or any one thing is … Continue reading

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Reeling In The Stimulus

I love that Steely Dan song, ‘Are you reelin’ in the years?’ That’s the song I hear in my head as I read about Federal Reserve chair Ben Bernanke talk about his plans to reel in the stimulus once the … Continue reading

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Low Rates For Those With Great Credit Scores

You keep hearing on the news about record low mortgage rates. But you’re having a hard time getting a hold of those low rates for yourself. Exactly who is taking advantage of these low rates? Only those who need them … Continue reading

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Why Is The Mortgage Default Rate So Low?

About 11 million American households are underwater on their mortgage. So why don’t more Americans walk away? That’s the theme of about a dozen articles in the New York Times over the past month. There’s been a lot of rhetoric … Continue reading

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