Tag Archives: government sponsored entities

What Will The Debt Downgrade Do To My Mortgage?

A tidal wave of fear and selling has rolled across Wall Street following the downgrade of America’s debt on Friday by Standard and Poors. What will this do to the housing market and to mortgages? So far, U.S. Treasury bonds … Continue reading

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Important Mortgage Rules Change Oct. 1

These rules changes will make it harder to get jumbo mortgages. They should depress the market for expensive homes. The federal government is slowly and awkwardly reducing their role in the mortgage game. They can’t afford to keep intervening so … Continue reading

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The Republicans Want To Fix Fannie Mae, Freddie Mac

Taxpayers have poured $150 billion into Fannie Mae and Freddie Mac. Not a big deal, say liberals. Fannie Mae and Freddie Mac are underwriting 90% of new mortgages. Without them, the housing market would collapse. We can’t allow that, can … Continue reading

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Big Differences Between Our Recession & The Great Depression

Here’s a guest blog on the NYT’s Freakanomics blog: We had a huge real estate boom between 2000 and 2006. We’re now paying the bill for cheap money and lack of regulation for new financial vehicles. There were so many … Continue reading

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Mortgage Haggling On The Hill

From the Economist: Democrats got their expansion of the Federal Housing Administration (FHA), the government agency that supports low-cost housing. The cost will be limited to $500m, and covered not by the taxpayer but by America‘s housing-finance giants, Fannie Mae … Continue reading

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