Tag Archives: federal subsidies

Federal Subsidies For Upscale Mortgages End Oct 1

These caps to jumbo loans are already in effect in practice even though they don’t technically come into force until Oct. 1. More expensive homes won’t qualify for FHA loans anymore. These loans require a 3.5% down payment, a far … Continue reading

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Full Cost Of Fannie, Freddie Bailout Twice What Obama Claimed

This should not be news to those who looked at Fannie and Freddie critically. The full cost of bailing out Fannie Mae and Freddie Mac will likely be around $500 billion and larger. (CNSNews.com) – The Congressional Budget Office (CBO) … Continue reading

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Despite Subsidies, Banks Are Not Gung-Ho On Restructuring Mortgages

Funny that. Banks expect borrowers to live up to the terms they signed up for. Politicians want votes and they’ve instituted all sorts of programs to encourage lenders to restructure a lot of mortgages that might otherwise fall into foreclosure. … Continue reading

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