Tag Archives: government subsidy

Freddie Mac Asks For More Government Help

So far taxpayers have paid out about $170 billion to subsidize Fannie Mae and Freddie Mac. That works out to about $1300 per American. Taxpayers are on the hook for at least another $100 billion in aid over the next … Continue reading

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How Do You Like Having Fewer Mortgage Choices?

I read the news today that Bank of America is closing down a lending division. How do you like having fewer financial choices? The Dodd-Frank bill in particular and onerous government regulation in general have significantly narrowed choices for consumers … Continue reading

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The Fate Of The 30-Year Fixed Rate Mortgage

Most mortgages in Europe are adjustable rate. Such mortgages did not cause their housing market to crash over the past five years. ARMs did not cause the American market to crash either. I don’t get what is so sacred about … Continue reading

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Extending The Tax Credit To Buy A Home

Both Republican and Democratic senators want to continue a government subsidy to encourage new home buying. It looks like senators will vote to extend the credit until April of next year. Home prices and sales have stabilized after a two … Continue reading

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