How The Right Amount Of Economic Weakness Can Help A Home Buyer

After a weak holiday shopping season, annual retail sales declined in 2008 ... , countering the inflationary impact of government stimulus and direct intervention. Inflation, you'll ... of a new home loan. For active home buyers or people entering the market this Spring, therefore [more...]

Date: 2009-01-15 16:30:00

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How The Right Amount Of Economic Weakness Can Help A Home Buyer

After a weak holiday shopping season, annual retail sales declined in 2008 ... , countering the inflationary impact of government stimulus and direct intervention. Inflation, you'll ... of a new home loan. For active home buyers or people entering the market this Spring, therefore [more...]

Date: 2009-01-15 16:30:00

Fannie, Freddie, now FHLBs?

Some other banks are encountering difficulties today -- namely the Federal Home Loan Banks, one of the biggest providers of funding for US mortgages. From Bloomberg: The Federal Home Loan Bank of Seattle said it will suspend dividends and "excess" stock repurchases, becoming the second of the government-chartered lending cooperatives to say [more...]

Date: 2009-01-14 12:35:34

Home sweet home builders?

Hopes that government intervention will bolster the housing market are giving a boost to home-builder stocks ... and other debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Banks. Now reports [more...]

Date: 2008-12-05 00:38:41

RIP, PT: Chrysler Kills the Cruiser

Chrysler, as is well documented, has long made its name on home-run product ... in government loans, shows every sign of needing more cash. PT Cruiser sales, meanwhile, declined by 49 [more...]

Date: 2009-01-15 00:11:43

The long exhausting slog towards Home Ownership (TM)! continues.

Dead cat house update. Sellers "offered" last week to "let" us have half of the $5k sitting in escrow. They "only want $2500 ... , but now that the banks are all refusing to fucking loan money, apparently even those of us with VA ... that that's the entire point of the VA loan program, and the government guarantees the goddamn loan in the first place [more...]

Date: 2008-12-08 00:58:00

Wall Street Breakfast: Must-Know News

New acronym on the block... The government unveiled its newest initiative, called TALF, or Term Asset-Backed Securities Loan Facility. The $200B facility will support consumer finance, including student, auto and credit card loans ... Mac (FRE) and the Federal Home Loan Banks. According to the statement released by the Fed [more...]

Date: 2008-11-26 12:14:47

US Mortgage Crisis: Fannie and Freddie. Give Away the Farm

Dandelion Salad by Dr. Ellen Hodgson Brown Global Research, August 7, 2008 webofdebt ... access to credit. If foreign companies and governments abandon United States investments, home, auto and credit card loans will be much more difficult [more...]

Date: 2008-08-07 18:07:41

Thursday morning links

#fullpost{display:inline;}TOP STORIESRegulators adopt new credit card rules - APTrade-Protection Threat in China, Russia, U.S ... - MarketWatch“The Biggest Bubble Of All . . . U.S. Government Debt” - George Washington BlogMARKETS ... -Funded Downpayment Assistance" Loans - ML-ImplodeRealtors: State home prices have a brutal 2008 - SF [more...]

Date: 2008-12-18 14:13:00

Behold Obama’s Economic Stimulus Spending: Weatherizing Poor People’s Homes, More Foodstamps

Oh, and funding for research facilities that will do “cutting edge science.” -$6 billion to weatherize “modest income homes ... bases -$300 million for grants and loans to state and local governments for projects that reduce [more...]

Date: 2009-01-16 02:19:17

Alt-A and ARM resets could trigger another crisis!!!

We are winding down out of subprime and going into Alt-A and ARM resets. We have government funding for homes in two ways. One, incentives with lower rates and tax credits, but, there is more. The GSE’s are allowing loans that are 105% and where the monthly debt to income is over 60%. These loans have high default rates and we will pay the price as unemployment stays high. quote Let’s look at a few facts: The Fed is literally the entire mortgage market. Yes, really. [more...]

Date: 2009-09-29 18:15:58

For Ethanol Plants, Two Roads Diverge

For Ethanol Plants, Two Roads Diverge By Kate Galbraith ... pilot cellulosic-ethanol plant in the company’s home state of South Dakota, which started production ... Khosla, is likely to get a first-of-its-kind loan guarantee from the government later this month [more...]

Date: 2009-01-13 14:37:10

Fed's Latest Rescue Package Throws Lifeline to Home Buyers

According to this Reuters article, the Fed announced a new rescue package of $800 billion USD to lower the cost of home purchases, credit card and student loans. Under the new mortgage program, the Fed will buy up to $100 billion of debt issued by government-sponsored mortgage enterprises Fannie Mae, Freddie Mac [more...]

Date: 2008-11-26 09:12:56

Mortgage-backed insecurities

If you don’t have enough down payment money to qualify for a traditional mortgage, the government forces you to buy mortgage insurance ... with little (or nothing) down, you may soon be in negative equity. This is the case with about ten ... can only lend 80% of the value of a home without it, you can imagine how many loans fell [more...]

Date: 2009-01-15 02:31:53

Free Helpful Advice - Can The Hope For Home Ownership Relief Act Really Help Homeowners Avoid Foreclosure?

My take on this bill is that it will be a another government run fiasco ... be at least 31 percent; * They cannot afford their current loan; * They did not intentionally miss ... the new program include: * 30-year, fixed rate mortgage; * Maximum 90 percent loan-to-value ratio [more...]

Date: 2009-01-15 07:36:03

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