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real estate: 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)

real estate: 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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