Real estate blog entries tagged with mortgages by Bruce Forge (ZipRealty, Inc.)

Home : Blogs : Bruce Forge : Bruce's Blog : Tag "mortgages"

mortgages: End of the 30 day escrow - 08/17/09 08:53 PM

Maybe you've heard - the government is coming to help protect you.
For example, on July 30 a new disclosure act became law. In order to protect you the borrowing, home buying, public, your selected lender must provide you with a Truth-in-Lending (TILA) statement detailing the costs you should expect to … (4 comments)

mortgages: The Banking Situation Explained - 10/06/08 12:29 PM

Based on an email received from a friend today, here is a horse racing analogy for you. Just add the appropriate number of zeros to these figures and it will be a closer, though still not a perfect match to the banking situation. Still, I think it is closer than what … (0 comments)

mortgages: We're From the Government and We're Here to Help! - 09/10/08 06:28 PM

Heard that line before. Never seems to work out quite the way it was promised up front. One wise mentor maintains that there is an inverse law at work in government. Whatever the government tries to do, the reverse happens. There are myriad examples, but the bottom line seems always to … (4 comments)

mortgages: FNMA & FHLMC - still in the news - 09/09/08 04:52 PM

Much more about the developing situation around these two former GSE entities in the news today. When these two agencies were first birthed by Congress about 40 years ago, the goal was to bring order and stability to the mortgage lending activity in America. Prior to their creation, mortgage lending was … (2 comments)

mortgages: FNMA & FHLMC Bite the Dust - 09/08/08 04:38 PM

Dateline - Washington DC
Two interesting bits of news in from the Potomac. This first item from the Washington Post...
U.S. Seizes Control of Mortgage Giants Washington Post (09/08/08) P. A1; Irwin, Neil; Goldfarb, Zachary A.
"The federal bailout of Fannie Mae and Freddie Mac involves putting the companies under conservatorship … (4 comments)

mortgages: Lender of Last Resort - 07/14/08 12:53 PM

The news is everywhere that the government will not allow FNMA and FHLMC to fail. Instead the Federal Reserve will offer funds at the same rate that the big banks pay and the loans will all be guaranteed by congress. Maybe.
Obvious problem with this solution is that, contrary to popular … (3 comments)

Related Links: