Tag Archives: mortgage finance

Mortgage Interest Rates, Home Sales Rise

These two indicators often run together. With increased demand for home buys and mortgages, interest rates rise. With fewer people interested in buying homes and taking on mortgages, interest rates fall. Record low interest rates have not been enough to … Continue reading

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Mortgage Interest Rates Steady

Mortgage interest rates remain near record lows. Borrowing costs have never been cheaper. Homes have never been cheaper. Why? Because there’s so little demand to buy a new home and to take on a mortgage. With so many people out … Continue reading

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Freddie Mac Gets Another Bailout

The final total for taxpayers will likely be near a trillion dollars. It will dwarf the settlement of the savings and loans scandal of the 1980s. I expect that President Obama’s executive order to allow underwater home owners to refinance … Continue reading

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Texas Benefits From Federal Reserve’s Policies

Republican candidate for presidential nomination, Rick Perry, has gone after the Federal Reserve with strong words, but a new study shows that Texas has disproportionately benefited from the Fed’s easy money policies. Some other things have helped Texas as well … Continue reading

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Obama Desires Big Role For Government In Mortgages

Until I read this article in yesterday’s Washington Post, I thought all sides were agreed that the federal government needed to reduce its role in the mortgage market. Fannie Mae and Freddie Mac have so far cost taxpayers $166 billion … Continue reading

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Will Low Interest Rates Revive The Housing Market?

If people don’t have jobs, they can’t buy homes, even if interest rates are low. If the economic outlook is precarious at best, then many people who do have the means will stand back from major purchases. What about people … Continue reading

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Changing The Debate On Mortgage Finance

In 2010, Congress passed and President Obama signed a massive financial regulation bill called Dodd-Frank. As with the healthcare bill, almost all of those who voted yes had not read the bill. Nobody knew what it would do because important … Continue reading

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Fannie Mae, Freddie Mac Slow To Report Fraud

GSEs like Fannie and Freddie don’t have the same incentives as a private company. If Fannie and Freddie screw up, they just get bailed out by the taxpayers. Investors in Fannie and Freddie accept lower returns in exchange for the … Continue reading

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Foreclosure Glut Holds Down Home Prices

Hundreds of thousands of foreclosed homes have yet to come to the market so I don’t see any prospect of home prices rising until at least 2014. I expect more declines in prices over the rest of this year. Sucks … Continue reading

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New Regulations Mean Most Folks Will Have A Harder Time Getting A Mortgage

Under Bill Clinton, standards for mortgage lending were dramatically cut to get more African-Americans into owning their own homes. The housing crash is a testimony to the wrongness of these decisions to slash standards. Now we have new regulation on … Continue reading

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