Tag Archives: wall street investors

Mortgage Bonds Getting A Second Look

Until there’s a growing demand for mortgage-backed securities (MBS), lenders are not going to have many funds available for lending for new mortgages. Now some of the same people who were selling MBS prior to 2007 are now buying them, … Continue reading

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Refinancing Your Mortgage Without Revealing Your Financial Situation

Most of the reason for the housing crash was 20 years of lowered mortgage lending standards legislated by the government. Things got to the point where people were able to get mortgages without showing their income. They got “liar loans” … 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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What Went Wrong With Fannie Mae?

From the New York Times: When the mortgage giant Fannie Mae recruited Daniel H. Mudd, he told a friend he wanted to work for an altruistic business. Fannie, a government-sponsored company, had long helped Americans get cheaper home loans by … Continue reading

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Mortgage Rate Relief

From the San Jose Mercury News: Months after many eager homeowners started gearing up to refinance their mortgages, interest rates for Bay Area-size mortgages are finally falling. Government-sponsored agencies Fannie and Freddie buy bundles of mortgages from lenders, and package … Continue reading

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