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 ‘freddie mac’
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…
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
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?