Tag Archives: loan guarantees

Reducing The Size Of Federally Guaranteed Loans

Awkwardly and inconsistently, the federal government is reducing its role in the mortgage market. This will make some traditional mortgages, particularly jumbo mortgages, impossible to obtain. It will make the remaining mortgages more expensive and more demanding to obtain. Overall, … Continue reading

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I Look Forward To The Mortgage Market Going Private

What will it mean to the average home buyer? Mortgage interest rates will probably tick up a quarter of a percentage point. Lenders will demand larger down payments. Fixed-rate 30 year mortgages will be harder to get. Overall, not so … Continue reading

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Living in the House You Flip

Here are some tips from the book Foreclosure Myths: Successful investing takes time. If you buy a foreclosed property and do the repairs yourself, you’re burning your time. You can reduce your costs by living in the home you flip. … Continue reading

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IndyMac As The Model For A Mortgage Turnaround

ABC News reports that the US Treasury is looking at a new proposal from the FDIC to insure mortgages. Lenders would modify loans and in exchange those loans would be insured. More: FDIC chairwoman Sheila Bair touted the benefits of … Continue reading

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Not Bothering To Respond To A Refinance Offer From IndyMac

Here’s the model that the FDIC head lauded but many of its own borrowers seem unimpressed. How are you going to assist borrowers if you can’t get them to hear you? If they won’t respond to your offers? The FDIC … Continue reading

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Should Lenders Revise Troubled Mortgages?

The Federal Reserve cut its funds rate (the rate at which it lends to banks) to one percent yesterday. The stock market jumped 200 points today. Oil dropped to $65 a barrel. Good news. Should the FDIC insure mortgages? The … Continue reading

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The IndyMac Way To Reduce Foreclosures

Luke Mullins writes: The federal government;s response to the financial crisis has been criticized as focusing too much on helping out banks while neglecting the troubled borrowers facing foreclosure. Speaking Thursday before the Senate Banking Committee, FDIC Chairman Sheila Bair … Continue reading

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More Loan Guarantees On The Way?

Reuters reports that the U.S. government may ask lenders to change mortgage terms to reduce foreclosures. In exchange, the FDIC would be willing to guarantee some mortgages. This program has not yet been fleshed out by the U.S. Treasury. Here’s … Continue reading

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Saving The Credit Market

From the Boston Herald: Our local banks hold many of the mortgages they write. In recent years, more and more mortgages across the country have been sold by the originating bank, bundled into complex securities and sold to investors. If … Continue reading

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