Posted by admin! / Under Freddie Mac
This is what our affordable housing program has become: Giving tax credits to new home buyers, spending taxpayer money to keep people in their homes, paying people to move out of their homes, and bankrolling Fannie Mae and Freddie Mac with tax dollars for unlimited losses.
Published on Wednesday 10th of March 2010 04:03:28 AM
Posted by admin! / Under Freddie Mac
This is what our affordable housing program has become: Giving tax credits to new home buyers, spending taxpayer money to keep people in their homes, paying people to move out of their homes, and bankrolling Fannie Mae and Freddie Mac with tax dollars for unlimited losses.
Published on Wednesday 10th of March 2010 04:03:28 AM
Posted by admin! / Under Freddie Mac
First lets define what a Mortgage Back Security is, or MBS. More or less a MBS is a bond sold on wall street from the big government backed firms Fannie Mae and Freddie Mac. These loans are originated by banks we all know and love. Then the banks sell these loans off to Fannie Mae, and Freddie Mac in big pools (collections of mortgages).
Published on Wednesday 10th of March 2010 04:03:28 AM
Posted by admin! / Under Freddie Mac
It's time to kick Fannie Mae and Freddie Mac out of the housing market
Published on Wednesday 10th of March 2010 04:03:28 AM
Posted by admin! / Under Freddie Mac
We all know the history. When Fanny Mae and Freddy Mac, two mortgage entities of iconoclastic proportions, collapsed almost two years ago, the world turned all eyes on the United States, aghast at the domino effect that would ensue. Just as with Enron, inappropriate business practices soon were swept out of the closet and into the middle of the bal
Published on Wednesday 10th of March 2010 04:03:28 AM
Posted by admin! / Under Freddie Mac
Current Mortgage Rates Unstable - Current 30 Year Mortgage Rates to Enter Week on Edge - jumbo mortgage rates, fha mortgage rates, Freddie Mac FRE, Fannie Mae FNM
Published on Wednesday 10th of March 2010 04:03:28 AM
Posted by admin! / Under Freddie Mac
An influential voice on Capitol Hill has unexpectedly called into question the safety of investing in Fannie Mae and Freddie Mac, raising the specter that investors who have lent money to the two firms or bought their mortgage-backed securities could one day suffer losses.
Published on Wednesday 10th of March 2010 04:03:28 AM
Posted by admin! / Under Freddie Mac
Fannie Mae and Freddie Mac may force lenders including Bank of America Corp. [], JPMorgan Chase & Co. [], Wells Fargo & Co. and Citigroup Inc. to buy back $21 billion of home loans this year as part of a crackdown on faulty mortgages.
Published on Wednesday 10th of March 2010 04:03:28 AM
Posted by admin! / Under Freddie Mac
House Financial Services Chairman Barney Frank on Friday said he agrees with the Obama administration's decision to fully back Fannie Mae and Freddie Mac bondholders to provide stability to the housing market and broader financial system.
Published on Wednesday 10th of March 2010 04:03:28 AM
Posted by admin! / Under Freddie Mac
Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending March 4, 2010, down from last week when it averaged 5.05 percent. Last year at this time, the 30-year FRM averaged 5.15 percent.
Published on Wednesday 10th of March 2010 04:03:28 AM
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