Tag Archives: james lockhart

Financing Real Estate Investment

From the book Foreclosure Myths: Don’t assume that lenders will jump at the chance to finance the purchase of their REO properties, especially if you don’t have a solid track record of profitable foreclosures investments. When you are first starting … Continue reading

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American Politicians Eager To Intervene In Foreclosure Market

Pols love Sheila Bare’s proposal unveiled Thursday. They want to do more. They think they know better than the free market what real estate is worth. Ludicrous. From Bloomberg: The Treasury last week agreed to purchase stakes with banks including … Continue reading

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The Buying Of Troubled Mortgage Assets

Report: If the idea of the government essentially bidding on its own contracts sounds sort of odd to you, you should note that Fannie Mae (FNM: 0.95 0.00%) and Freddie Mac (FRE: 1.07 -6.96%) have each put in bids to … Continue reading

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Treasury’s Rescue Program

SAN FRANCISCO (Reuters) – Mortgage finance companies Fannie Mae and Freddie Mac have each bid to manage home loans the U.S. Treasury will purchase under its multibillion-dollar program to soak up bad mortgage bets, said two sources familiar with the … Continue reading

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Fannie/Freddie To Sell Assets?

WASHINGTON (Reuters) – Fannie Mae and Freddie Mac may sell some bad assets to the Treasury Department but a decision has not yet been made, the regulator of the two mortgage finance companies said on Sunday. “They are financial institutions … Continue reading

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Home Prices Fall

From HousingWire.com: Annually, purchase prices have fallen 3.1 percent between Q1 2007 and Q1 2008, OFHEO said — also the largest annual price decline on record. Those sharp price decline numbers contrast with an all-transactions index, however, which adds in … Continue reading

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Equalizing Refinance Risk

From Bloomberg: Fannie announced it will now accept mortgages with a loan-to-value (LTV) ratio of up to 97 percent on a primary, single-family residence, even in areas where prices are declining. “Fannie should be making loans, but the underwriting standards … Continue reading

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Refinance Mortgage Demand

CHICAGO (Reuters) – A new policy on mortgage down payment requirements from Fannie Mae (FNM.N: Quote, Profile, Research) is "sound," and could help unleash pent-up demand, James Lockhart, director of the Office of Federal Housing Enterprise, said on Friday. "There … Continue reading

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Mortgage Market Up

The Fed’s doing everything it can to boost the mortgage market. And it’s working. From FT.com: Fannie Mae and Freddie Mac, the government-chartered mortgage financiers, yesterday received the go-ahead from their regulator to pump as much as $200bn of liquidity … Continue reading

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Fannie and Freddie Set Free: Federal regulators have eased the lenders’ capital surplus requirements, to inject some much-needed money into the mortgage market

Business Week says that the Fed may be getting a handle on our credit crisis. Stocks are up, including those of mortgage companies. On Mar. 19, the Office of Federal Housing Enterprise Oversight, or OFHEO, said it was reducing the … Continue reading

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