Carleton Sheets - *Best-Selling Author
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Tag >> Freddie Mac
Posted by: Carleton Sheets in unemployment, Refinance, Real Estate, Obama, mortgage, loan to value, Loan, Interest Rate, Freddie Mac, Foreclosure, Fannie Mae, fair market value, Economy, Credit, borrower, Barack Obama on
Jul 02, 2009.
A recent article published by CNNMoney.com reports that the Obama administration has revised its initial mortgage refinancing program to help more borrowers---including those whose homes are valued below their loan amount---qualify for refinancing. The revisions also include stipulations that enable eligible borrowers who are either in default or at risk of defaulting on their loan to lower their
Posted by: Carleton Sheets in Loan, Limit, Freddie Mac, Fannie Mae on
Dec 17, 2008.
On December 1, 2008, Freddie Mac and Fannie Mae imposed a four-loan limit on the number of real estate loans that one person can have. Their reasoning was that the lower limit would prevent investors from defaulting on rental properties ... since statistics show that some owners can walk away from an investment property more readily than their own residence.
How does the new loan limit affect
As a result of the public outcry from local residents and sheriff departments, and from tenants, Fannie Mae and Freddie Mac have not only postponed tenant evictions from their landlords' foreclosure properties through the holidays---they are working on a proposal to allow qualified tenants to remain in these properties. Another option mentioned in the article I was reading in USA TODAY would be
I am both shocked and amazed about what just happened to financial giants AIG, Merrill Lynch, and Lehman Brothers. The downfall of these seemingly stalwart icons in the securities industry is a blow to the financial powerhouses on Wall Street that will trickle down to the American consumer. My friends, it is a tough economic sea we are maneuvering in.
What does this mean in the "big picture"?
Posted by: Carleton Sheets in Freddie Mac, Fannie Mae on
Sep 07, 2008.
The federal government defined its housing-market rescue plan yesterday when it announced the takeover of Fannie Mae and Freddie Mac, and agreed to pump billions of dollars into these failing companies---plus assume trillions of dollars worth of debt.
From this point forward, the government will have more control over the housing market than ever before. Instead of being reactionary, it can
The landmark housing bill that was just passed by the Senate this weekend will offer $300 billion in loans for homeowners struggling to keep their homes from foreclosure---plus provide much-needed relief to Freddie Mac and Fannie Mae.
Although I feel that the bill has its positives and negatives, I believe the refinancing aspect---which is voluntary for the lender---will have the most impact.
Did you hear? Wells Fargo & Co. (WFC) posted a better-than-expected earnings for the second quarter of 2008¾which rallied the U.S. stock market to a 25+ point gain? Although, I admit the fall of IndyMac put a damper on my enthusiasm, overall this is good news.
Up, down, positive, and negative news. The market is difficult to read. Will the Freddie Mac and Fannie Mae "scare" finally signal a
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