calculatedriskblog.com - 10/26/2009
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From San Francisco Fed Senior Economist John Krainer: Recent Developments in Mortgage Finance As the U.S. housing market has moved from boom in the middle of the decade to bust over the past two years, the sources of mortgage funding have changed dramatically. The government-sponsored ...
frbsf.org - 10/26/2009
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frbsf.org —
The period following the 2001 recession through 2006
is rightly called a housing boom. House prices and...
net borrowing by households surged in the early part of the decade, easily outpacing growth in household income. But, with the onset of the ...
(more)
FRBSF Economic Letter: Recent Developments in Mortgage ...
247wallst.com - 10/25/2009
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247wallst.com —
It is no secret that things could be
much better than they are at Fannie Mae (NYSE:...
FNM) and Freddie Mac (NYSE: FRE). But the last week or so has re-highlighted just how bad and dire the situation is for these government sponsored entities and ...
(more)
The Fannie-Freddie Equity Conundrum (FNM, FRE)
hf-implode.com - 10/27/2009
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hf-implode.com —
"This shift in mortgage finance has had a
profound impact on the types of borrowers receiving loans....
In the fourth quarter of 2006, approximately 10% of originations in our sample were labeled by originators as “subprime.” For the entire universe of mortgages, subprime loans are estimated to ...
(more)
Recent Developments in Mortgage Finance
Comments
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Goldman says US gov’t boosted home prices by 5%
FT Alphaville —
... is a further 5% to 10% decline by mid-2010. Moreover: The outlook for further government policy is “cloudy,” Goldman notes. But it is safe to assume that many politicians will remain loath to let the market run free and wild. Goldman points to legislation introduced by Sen. Jack Reed (D, R.I.) that would require mediation between borrowers and lenders before any foreclosures and mandate loan mods in some cases. Thanks, Uncle Sam. We think. (Via Bubble Meter ) Related links: SF Fed: Recent Developments in Mortgage Finance - Calculated Risk US real estate markets ...
links for 2009-10-31
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Robert Solow - Wikipedia
Alexander Hamilton: Report on Manufactures
Calculated Risk: SF Fed: John Krainer: Recent Developments in Mortgage Finance ...
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Is F.H.A. the Next Shoe to Drop?
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Fannie, Freddie soar as day-traders seek profit
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Comments on Housing Plan
calculatedriskblog.com 2/18/2009 — There are three parts to the plan. For each part, I'll provide the Obama administration overview ( from the WSJ ) and then add some comments ... my objections are to part #2. 1. Affordability: Provide Access to Low-Cost Refinancing for Responsible ...
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Police investigating death of Freddie Mac official
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news.yahoo.com 4/24/2009 — AP - The chief financial officer of Freddie Mac, one of the mortgage giants at the heart of the nation's financial meltdown, was found dead in his basement early Wednesday morning in what police said was an apparent suicide. David Kellermann, 41, ...
Meltdown 101: Low mortgage rates not for everyone
(AP)
news.yahoo.com 5/2/2009 — AP - Every week, mortgage finance giant Freddie Mac releases average rates on four types of home loans, including 30-year fixed rate mortgages the most popular type of loan for home buyers.
What I'm Saying
econlog.econlib.org 9/15/2009 — (September 15, 2009 09:00 AM, by Arnold Kling) If all goes according to schedule (unlikely), then about the time that this is posted, I should be in the middle of saying something along these lines:...
White House views splitting Fannie, Freddie assets
(Reuters)
news.yahoo.com 8/6/2009 — Reuters - U.S. officials are considering a plan to isolate failing assets held by Fannie Mae and Freddie Mac , The Washington Post reported on Wednesday, while an administration official said such an idea was in the early stages of development.