There is a new government website to assist the 7 to 9 million homeowners whose loans are held by Fannie Mae or Freddie Mac, and are eligible for a loan refinance, or a mortgage modification. Called www.MakingHomeAffordable.com, the website went live on March 19th, and is a simple one stop resource for homeowners to help [...]
Articles Tagged ‘fannie mae’
Help for the Housing Market
The Homeowner Affordability and Stability Plan applies to primary residences with conforming loan limits. This is a brief summary of the plan with some limitations specific to San Diego…
Stealth Housing Stimulus
A Fannie Mae policy change allowing investors to finance up to ten single unit properties, should help stimulate San Diego’s housing market by encouraging investors to add to their investment portfolios.
Federal Bailout Redux
Earlier this week the Federal Reserve announced a massive $800 billion program intended to unfreeze credit markets. The program includes $600 billion to buy mortgage-backed assets. This plan sound vaguely familiar? The massive purchase of mortgage-backed assets is intended to stimulate the housing market
Why we need Fannie Mae
How the dream of home ownership become a nightmare for so many. The seeds of this disaster might be traced back to a cost-saving measure that is likely to cost taxpayers over 200 billion. There may be a lesson here…
Fannie Mae and Freddie Mac Takeover: Good and Bad
The Fannie Mae and Freddie Mac government takeover - good or bad? Is there a down side to the government’s action? What is the mission and role of these companies?