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 ‘mortgage applications’
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 applications rise in first week of 2010
January 13th, 2010 by Financial Writer
U.S. mortgage applications rose in the first week of 2010, reflecting surging demand for home refinancing loans as interest rates dropped, industry data showed on Wednesday.
Demand for loans to purchase a home, however, only rose marginally. A continuation of this trend would not bode well for the U.S. housing market, which has been showing signs [...]
Tags: home refinancing, interest rates, loans, mortgage applications, us housing market, us mortgage