Hat tip to JD for shipping this wsj.com article: After years as the lending market's undesirables, aspiring home buyers with less-than-stellar credit are being offered home loans again—with some of the same conditions and catches critics say tripped up subprime...
Let's mention the only real perp walk so far - hat tip to AL for sending this latimes.com article: ALEXANDRIA, Va. — An executive convicted of orchestrating a nearly $3-billion fraud as chairman of one of the largest mortgage companies in the U.S. was sentenced...
People want to think the sky will be falling once Fannie Mae and Freddie Mac close up shop. On October 1st, both will likely be rolling back their super-conforming loan limit of $697,500 to $546,250 in San Diego. Eventually Fannie/Freddie will be morphed into some...
With Fannie/Freddie's policy of taking loans from borrowers with "extenuating circumstances" just three years after their short sale, we should start seeing some of those folks getting back into the market soon - as long as they re-establish good credit. From the...
Seen in the latimes.com: Will the move to dismantle Fannie Mae and Freddie Mac mean the end of the 30-year fixed-rate mortgage as we have come to know it? Many housing proponents say that it will. Without the government's backing, they contend that the 30-year...
Folks are wondering what will happen after Fannie Mae and Freddie Mac are put to sleep. Here's one alternative - Union Bank: Full disclosure - Mark is married to Klinge Realty staff person Anna.
From HW: Republicans in the House of Representatives unveiled seven more bills Friday to reform the government-sponsored enterprises for a total of 15 since March. Rep. Scott Garrett (R-N.J.) is chairman of the GSE subcommittee and leads the GOP effort to wind down...
From Reuters: Remember way back in 2006, when everyone was in a frenzy to buy a house, any house, with whatever mortgage they could grab? In many cases, it meant signing up for adjustable-rate mortgages that would reset in half a decade. Move forward those five years...
Hat tip to SM for sending this along, from Reuters: WASHINGTON (Reuters) – A bill to create a new market for financing mortgages that would help wean the $10.6 trillion mortgage market off government support advanced in the House of Representatives on Tuesday. The...
Hat tip to DB for sending this along, from Reuters: Bethany and Karl Schreiber are hunting for a nice big house in the pricey Washington, D.C., suburbs and they are facing a deadline: In just a few months their third child will be born, and the tiny two-bedroom...
