Tag Archives: home loan mortgage

The New York Times Wants To Go Beyond Fannie, Freddie

This reminds me of President Obama, the most divisive president in decades, claimed there were no red states and no blue states, but only United States. He was a uniter. Sure, uniting behind his leftist agenda. Here’s the op/ed: While … Continue reading

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Will Eliminating Fannie, Freddie Hurt Minorities?

There was a great satirical article about how the various newspapers would report the end of the world. There was something about for the Washington Post it would report, “Women and minorities hardest hit.” I don’t know how inefficient mortgage … Continue reading

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Why Don’t Banks Lower Rates On Existing Loans?

If lenders do not want borrowers to default, why don’t they lower rates? Why aren’t banks easy to talk to about modifying a mortgage? Because, most of the time, the bank no longer owns your loan. They’ve sold it. It’s … Continue reading

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Finding Home Loans

Jack Cummings wrote a book on Real Estate Finance & Investment: Mortgage brokers deal with many of the best money sources around. You wouldn’t connect with these sources except for a mortgage broker. What are these sources? Pensions funds, insurance … Continue reading

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When Subprime Lending Exploded

Report: Fannie, the Federal National Mortgage Association, and Freddie, the Federal Home Loan Mortgage Corp., don’t lend money, to minorities or anyone else, however. They purchase loans from the private lenders who actually underwrite the loans. Between 2004 and 2006, … Continue reading

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The View From China

Report: Fannie Mae does not make home loans directly to consumers, but rather functions as a leading participant in the U.S. secondary mortgage market. By purchasing and securitizing mortgages, Fannie Mae facilitates liquidity in the primary mortgage market by ensuring … Continue reading

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The History Of Fannie Mae

Report: Today’s subject is complicated, if not boring. Because my mailbox has been inundated with questions regarding the Fannie Mae and Freddie Mac debacle, I will address the subject as I understand it in the simplest of terms. There are … Continue reading

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Fixing The Economy

Report: It then resumed in the summer with Fannie Mae – the Federal National Mortgage Association – and Freddie Mac – the Federal Home Loan Mortgage Corporation – crying wolf. These financial institutions began flying under the wing of the … Continue reading

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Mortgage Rates Drop Sharply

From Biz Journals: Rates on 30-year mortgages dropped sharply again this week, falling to the lowest level in seven months. On Thursday, Freddie Mac’s nationwide survey found that 30-year, fixed-rate mortgages had declined to 5.78 percent from 5.93 percent the … Continue reading

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What Do Fannie/Freddie Do?

From capegazette.com: Federal financiers hope the government takeover of Fannie Mae and Freddie Mac will save other banks from failure as they weather the fallout of the mortgage crisis. Large regional banks are the ones affected by the problems of … Continue reading

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