Tag Archives: national mortgage association

Civil Rights Groups, Bankers Fight New Mortgage Lending Rules

Here is an unusual alliance — the NAACP and La Raza on the one hand joining forces with the bankers’ association to fight restrictive new mortgage lending rules. Banks want to be free to lend to whom they want at … Continue reading

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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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A Timeline For Our Economic Meltdown

Report: According to news reports around the U.S., our economy’s downward spiral seems to have begun with U.S. subprime mortgages. These are home loans made to people who, under normal circumstances, would not be ideal candidates to get a mortgage … 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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There’s No One Cause For Our Financial Meltdown

Report: In the second presidential debate on Oct. 7, 2008, Sens. John McCain and Barack Obama laid out their explanations of the root causes of the financial crisis. Here’s the McCain version: “One of the real catalysts, really the match … 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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The View From Iran

Report: “This is a wonderful outcome for a great number of our employees that will preserve and strengthen our terrific franchise,” Richard S. Fuld, Jr., Chairman and Chief Executive Officer of Lehman Brothers, said about the Barclay takeover. “The catalyst … Continue reading

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Racism & Financial Collapse

Column by John Kimble: During the 1930s, the federal government responded to the national financial crisis by creating the Federal Housing Administration and the Federal National Mortgage Association as part of a scheme to build a brave new real estate … Continue reading

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