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 ‘home prices’
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...Bankers’ Pay on the Line Again
December 28th, 2010 by Financial Writer
Limiting the compensation of banking executives is not the best way to curb their risk-taking, but it might be the option most readily available, an economist writes.
Buy vs. Rent: An Update
Should you buy a home or rent one? An updated list of the relationship between home prices and rents in 55 metropolitan areas.
The Holiday [...]
Tags: bank, bankers, banking, business, businesses, crisis, economist, economy, fed, federal government, Federal Reserve, financial, financial crisis, government, holiday, home prices, homeowners, increase, job, jobs, owners, rate, retail sales, sales, small businesses, spending, unemployed, us
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
Home loan conference recap
December 7th, 2010 by Financial Writer
Mortgage maven Christopher Cruise summarizes yesterday’s housing conference in D.C.:
My overall impression of the conference is that there will be changes and that maybe, maybe sometime in the next decade or so, Fannie and Freddie will cease to exist, or their functions will be split and half-retained in government and the other half fully privatized. [...]
Tags: au, bank, bank of america, borrow, borrowers, government, home prices, housing, housing market, increase, loan, loans, mortgage, obama, obama administration, president, ubs, us
Vital Signs: A More Upbeat Fed?
August 2nd, 2010 by Financial Writer
On deck: FOMC meeting, leading indicators, home prices, home sales, durable goods, consumer sentiment.
The main event for the markets this week will be the Federal Reserve’s two-day policy meeting, beginning on Tuesday and concluding with the Fed’s always eagerly–awaited policy statement at 2:15 p.m. on Wednesday. Analysts expect the Fed to sound a bit more [...]
Tags: ben bernanke, commercial real estate, economic activity, economists, Federal Reserve, home prices, home sales, interest rates
Existing home sales slip 2% in May
June 22nd, 2010 by Financial Writer
Existing home sales slipped in May and missed estimates but sustained a strong pace as homebuyers who qualified for the expired tax credit moved to close deals ahead of the June 30 deadline.
The National Association of Realtors reported that existing home sales dipped 2.2% last month to a seasonally adjusted annual rate of 5.66 million [...]
Tags: debt crisis, economists, financial system, home inventory, home prices, home sales, interest rates, loans, money, mortgage rates, real estate
World markets mixed after Wall Street slips
December 30th, 2009 by Financial Writer
European stock markets were mixed during sluggish year-end trading Wednesday after Wall Street snapped a six-day advance overnight and Asian markets fluctuated.
In Europe, the FTSE-100 index of leading British shares held its last full session of the year, inching up 0.5 percent to 5,429.22. In France, the CAC 40 retreated from its 2009 high reached [...]
Tags: home prices, japan airlines, stock markets, wall street