Tag Archives: cnbc reports

Obama Administration Considers Housing Refinance Plan

The Obama administration is considering a deep intervention into the housing market to try to turn things around before the 2012 election. One consideration would allow millions of Americans with government supported mortgage to refinance at current low rates. Opposition … Continue reading

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Mortgage Delinquencies Rise Again

For a year this number was improving but in the second quarter of 2011, the percentage of mortgage delinquencies rose. This will likely lead to an increase in foreclosures and put more downward pressure on home prices. As home prices … Continue reading

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Does The Mortgage Game Have No Rules?

American Securitization Forum’s conference is right now in Orlando. Good times, right? Mortgage securitization is dead. Nobody wants to invest in American mortgages because they are not sure how much they are worth. Home prices have declined for five straight … Continue reading

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Restructuring Plan For Fannie Mae, Freddie Mac Due Out Next Week

The plan is not in final form yet but expect it to announce a massive reduction of the government role in the mortgage market. Currently Fannie and Freddie underwrite 95% of new mortgages. This plan will call for reducing that … Continue reading

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10 Million Homeowners Eligible To Refinance

About one-third of American homeowners with government-backed mortgages have enough equity in their homes that they are eligible to refinance (along with meeting stiffer credit requirements and pay mortgage interest rates above 5.5%). About one-third of American homeowners are underwater. … Continue reading

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Politics & The Mortgage Crisis

From Politico: Obama has tended to support the interventions while calling for broader government action that would include both regulatory reform and aid to homeowners. Aug. 31, 2007: President Bush announces that, in response to mounting home foreclosures and concerns … Continue reading

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