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freddie mac: A Guide to Recessionary Success - 07/22/08 01:37 PM
As the economy continues to struggle, I want to take a few moments to give you perspective from my professional standpoint.
 
We are currently amidst one of the largest banking crises since the Great Depression of the 1929 era.  As a result of that time period, the government sponsored two banking entities that would be used for times of crises, and they are known as Fannie Mae and Freddie Mac.  However, to confirm our troubled times, even Fannie Mae and Freddie Mac are on the brink of collapse.  They are currently in need a government bailout.  To assert even more … (2 comments)

freddie mac: Important change in the mortgage and real estate sector -- YOU HEARD IT HERE FIRST FRIENDS!!!!!!!!!!! - 03/05/08 08:22 PM
Dear friends, family, colleagues, and associates,
  
I have great news that is directly related to our housing market and overall economy.  As you may know, George W. Bush signed into legislation a new provision for conforming and jumbo limits on February 13th, 2008.  Prior to this, any mortgage above $417,000 was considered a jumbo loan and could not be sold off and securitized to and by Fannie Mae and Freddie Mac (the two government sponsored entities who buy and insure loans).  As a result, all jumbo loans USED to be told to investors (overseas, Wall Street, etc. etc.) with higher rates associated … (0 comments)

 

Cyrus Khadivi

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