Fannie Mae and Freddie Mac. What cute-sounding names. They suggest adorable siblings, not twin financial disasters that may cost $1 trillion when we get the final bill.
According to Edward Pinto, Fannie Mae’s former chief credit officer, in 2008 the two government-supported mortgage finance companies, along with the Federal Housing Administration [...]
Posts Tagged ‘buyers’
Kotlikoff: How to Fix the Mortgage Mess
January 17th, 2011 by Financial Writer
Tags: au, bank, banks, borrow, borrowers, borrowing, business, buyers, Debt, economic, economics, fannie Mae, fed, finance, financial, freddie Mac, glo, Global Financial, government, home prices, housing, interest rate, Invest, investment, investor, investors, lender, lenders, loan, loans, money, mortgage, mortgage applications, mortgage finance, mortgage market, mortgages, oil, president, rate, stock, subprime mortgages, taxpayers, ubs, us, wall street
more...Mortgage-Bond Slump ‘Won’t Be Fun’ for Housing: Credit Markets
December 13th, 2010 by Financial Writer
A slump in government-backed mortgage securities that’s sent yields to the highest level since May is threatening a recovery in the U.S. housing market, which had been bolstered by record-low borrowing costs.
Yields on Fannie Mae-guaranteed securities that most affect loan rates jumped as high as 4.21 percent today, an increase [...]
Tags: au, bank, bank of america, banking, banking group, banks, barack obama, ben, borrow, borrowers, borrowing, borrowing costs, business, buyers, California, company, credit market, dealers, Debt, dollar, economist, euro, Europe, fannie Mae, fed, Federal Reserve, finance, financial, financial industry, foreclosure, freddie Mac, general electric, government, home prices, homeowners, housing, housing market, increase, inflation, inventory, Invest, investment, investor, investors, lender, lenders, lending, loan, loans, mortgage, mortgage market, mortgage rates, mortgages, new york, obama, owners, president, rate, rate mortgages, sales, the dollar, unemployment, us, USA
San Diego Real Estate, Million Dollar Homes
November 30th, 2010 by Financial Writer
County of San Diego has always been known for its Luxury Homes, in the year 2004, in San Diego County home sales luxury (homes over $ 1,000,000) hit an incredible 2774 total units, an increase of almost 170% of total sales in 2003!
Throughout the State of California, a total of 33 107 [...]
Tags: au, ben, buyers, California, dollar, dollars, finance, home sales, increase, interest rate, interest rates, lender, lenders, loan, loans, owners, rate, real estate, sales, us, wells fargo
Are You Stuck Holding Mortgage Notes?
November 27th, 2010 by Financial Writer
If you are stuck holding mortgage notes, or seller financed loans, you aren’t alone. Seller financing has been around for years and years, so this isn’t a new thing by any means. However, the fact is that in recent years, the downturn in the economy caused more sellers to hold notes for their new buyers [...]
Tags: au, buyers, Debt, downturn, economy, finance, financial, interest rate, loan, loans, mortgage, rate, us
Trying to Sell Seller Financed Notes?
November 23rd, 2010 by Financial Writer
Many people who own both residential or commercial property have been forced to sell their property in recent years, and many who have finally sold their property have been close to foreclosure when the purchase agreement was finally executed. However, with bank financing tightening drastically in recent years, many sellers had to be creative in [...]
Tags: bank, buyers, commercial property, finance, financial, foreclosure, loan, loans
What Is The Difference Between A "broker" And Mortgage "banker" Is?
November 18th, 2010 by Financial Writer
It seems that home buyers and brokers are many, “the question of the difference between a mortgage” broker “and mortgage” banker. May be some differences between the two of them, because I’ve been on both sides of the fence. I know the differences between them, but please, to see that it is much more [...]
Tags: au, bank, bankers, banks, ben, benefits, buyers, company, fed, housing, lender, lenders, loan, loans, mortgage, mortgage bankers, mortgage lenders, rate, sales, united states, us, wells fargo
Consumer spending lifts U.S. growth
November 17th, 2010 by Financial Writer
U.S. economic growth edged up as expected in the third quarter, but not enough to chip away at high unemployment or change perceptions of more monetary easing from the Federal Reserve next week.
Gross domestic product expanded at a 2.0% annual rate as consumer spending rose at its quickest pace since 2006 and businesses continued to [...]
Tags: bank, barack obama, borrow, borrowing, borrowing costs, business, business inventories, businesses, buyers, central bank, commerce department, consumer, consumer spending, Debt, deficit, democratic, economic, economic activity, economic growth, economist, economists, economy, energy, exports, fed, Federal Reserve, Florida, gdp, government, government spend, increase, inflation, interest rate, interest rates, inventories, Invest, investment, monetary, mortgage, obama, president, rate, spending, unemployment, us
Who Will Buy Mortgage Note Paper?
November 15th, 2010 by Financial Writer
You spent a long time trying to find a buyer for your residential or commercial property. You likely were patient while your potential buyer went from bank to bank in search of financing. With many buyers running into difficulty getting the financing they need in light of the current economic downturn, you then found yourself [...]
Tags: bank, buyers, commercial property, Debt, downturn, economic, finance, interest rate, loan, mortgage, rate
GM introduces money-back guarantee
September 10th, 2009 by Financial Writer
Buyers will be allowed to return their car or truck within 60 days if they’re not satisfied.
Buy a new General Motors car. Don’t like it? Return it and get your money back.
General Motors, in a bid to appeal to consumers upset about decades of poor quality and the carmaker’s government bailout, is launching an unusual [...]
Tags: businesses, buyers, general motors, money
GM will offer 60-day, money-back guarantee on new cars
September 10th, 2009 by Financial Writer
Frustrated that many shoppers won’t even consider its cars, General Motors says starting Monday, buyers of new GM models can bring them back within 60 days, no questions asked, and get back the price of the car.
GM’s Vauxhall brand used a money-back guarantee in the U.K. some years ago, GM marketing chief Bob Lutz says, [...]
Tags: buyers, general motors, money, us