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government loans: Fannie Mae and Freddie Mac - 10/21/08 05:10 PM
I have had a few thoughts about the recent collapse of the mortgage giants and would like to know others thoughts on the matter.  Fannie Mae and Freddie Mac were both taken over by the government in September of this year.  This was mostly because of lax underwriting guidelines, and the declining home prices in the US.  Since then the real estate market has continued to deteriorate, and congress has passed a $700 billion bailout of the banks.  Both of the mortgage giants have continued to tighten lending guidelines and ratchet up rates.  In order to get the very best rate … (0 comments)

government loans: $185000 - GREAT DEAL on a 4 Bedroom 2 Bath home in Nashville!!! Awesome Location! - 10/20/08 02:22 PM
This home is a 4 Bedroom, 2 bath with 2633 square feet of living space and a 2 car garage. It features 3 stories with the 4th bedroom and 2 car garage on the lower floor. It has a very open floor plan and a massive kitchen with lots of countertop space and cabinets. This home sold for $200,000 in 2007, and is currently being renovated. It is a great deal for the price of $185,000. The home is currently for sale by owner, but once it is listed on the market the price will have to go up for Realtor … (0 comments)

government loans: Where is the bottom of this market? - 10/08/08 12:22 PM
Every time you open the paper or turn on the computer it seems like there is only bad news on the economy.  The stock market is down over 35% over the past year, and home prices have also declined.    In a recent survey it was reported that over 60% of Americans think a depression is likely.  While the economy is facing some very tough times, and the financial and real estate sectors are not functioning properly, the economy as a whole is not like to fall into a depression.  A recession, yes.  It is my opinion that most people have panicked and … (5 comments)

government loans: The Bailout Plan--What do you think? - 09/30/08 03:49 PM
I am writing this to see what other folks in our industry think of the bailout.  Most people are against it, but I feel that most people do not truly understand the magnitude of our countries financial situation, nor do they understand how the bailout will actually work.  The biggest misconception I hear is that the government is giving 700 billion dollars to the banks.  This is simply not the case.  The plan (which as of this writing is still yet to pass Congress) is meant to buy the troubled mortgage backed assets from the banks.  This will give the financial … (7 comments)

 
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CHRIS HAYNES

Mount Juliet, TN

More about me…

Peoples Home Equity Inc.

Address: 2685 North Mount Juliet Rd, Mount Juliet, TN, 37122

Office Phone: (615) 288-4452

Cell Phone: (615) 945-3994

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