Tag Archives: government guarantees

House Republicans Skeptical Of Plan To Refinance Underwater Borrowers

Meanwhile, House Democrats are skeptical that the plan will go far enough to turn around the housing market and stem the tide of foreclosures. Republicans will counter that this refinancing plan for underwater borrowers wouldn’t fly without government guarantees and … Continue reading

Posted in mortgage, Politics | Tagged , , , , , | Comments Off on House Republicans Skeptical Of Plan To Refinance Underwater Borrowers

The Great American Bank Robbery: The Unauthorized Report About What Really Caused the Great Recession

I am reading Paul Sperry’s new book (The Great American Bank Robbery) on the housing crisis. Here are some reviews from Amazon.com: Terry posted: While reading this no nonsense report about why democracies fail, I recognized how fascist our little … Continue reading

Posted in Banks, Foreclosure, mortgage, Politics | Tagged , , , , , | Comments Off on The Great American Bank Robbery: The Unauthorized Report About What Really Caused the Great Recession

No Government Intervention In The Housing Market Would Mean The Demise Of The 30-Year Mortgage

Banks won’t lend money for 30-year mortgages without government guarantees. Such loans without guarantees would gum up the bank works. They’d be in danger of interest rates rising, devaluing the loan and turning it into a money loser. They are … Continue reading

Posted in Banks, fannie mae, Foreclosure, freddie mac, mortgage, Politics | Tagged , , , , , | Comments Off on No Government Intervention In The Housing Market Would Mean The Demise Of The 30-Year Mortgage

Huffington Post Urges Readers To Boycott The Big Banks

If banks make profits, they get to hold them. If they make losses, then the U.S. taxpayer has to bail them out. It went the same way with the U.S. savings & loans. So where is the incentive to be … Continue reading

Posted in Banks | Tagged , , , , , | Comments Off on Huffington Post Urges Readers To Boycott The Big Banks

The Role Of Government In Our Mortgage Problems

What should the government do with Fannie Mae and Freddie Mac? It seems like everyone has an idea. That’s a problem with GSEs. Too many conflicting missions. Some say they should concentrate on making money. Others say they should do … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on The Role Of Government In Our Mortgage Problems

Ben Bernanke Says Government Has A Role To Play In The Mortgage Market

I had no idea what a big fan Ben Bernanke is of government intervention. He even wants a second stimulus package. There’s talk about a government bond insurer such as the FDIC. WASHINGTON (Dow Jones) — Federal Reserve Chairman Ben … Continue reading

Posted in mortgage, Politics | Tagged , , , , , | Comments Off on Ben Bernanke Says Government Has A Role To Play In The Mortgage Market

Why is the Government Modifying Mortgages?

Peter Viles writes: The L.A. Times today leads the newspaper with a look at Countrywide’s plan to modify up to 395,000 mortgages — 125,000 in California — to make the mortgages affordable to buyers who are living in houses they … Continue reading

Posted in economics, Economy, mortgage, Politics | Tagged , , , , , | Comments Off on Why is the Government Modifying Mortgages?

No Radical Solution To UK’s Mortgage Mess

From FT.com: Sir James also touched on the idea of covering mortgage lending with permanent government guarantees. But speaking at the inflation report press conference, the Bank governor seized upon a question on the Bank’s existing support for mortgage lenders … Continue reading

Posted in Britain | Tagged , , , , | Comments Off on No Radical Solution To UK’s Mortgage Mess

The Housing Plan

From the San Francisco Chronicle: In addition to $300 billion in government guarantees to aid homeowners threatened by foreclosure, the administration got extraordinary new powers to backstop mortgage giants Fannie Mae and Freddie Mac after their stocks plunged earlier this … Continue reading

Posted in Politics | Tagged , , , , , | Comments Off on The Housing Plan