fannie mae: Fannie/Freddie- profit go to shareholders and losses go to tax payers? - 02/22/11 08:40 AM
WHITE HOUSE PLANS TO WIND DOWN FANNIE AND FREDDIE
 
 

 
Congress will consider three suggestions.
A fundamental reform for the housing market.For two-and-a-half years, economists and housingindustry analysts have wondered what would happen with Fannie Mae and Freddie Mac. On February 11, they got an answer: the Obama administration announced plans to shut down both of the troubled mortgage giants by 2018 or sooner.1
As he met with the press, Treasury Secretary Timothy Geithner cited the "very broad consensus" that the government should play "a much smaller role" in the housing market.Capitol Hill Republicans would agree, pointing to … (2 comments)

fannie mae: Fannie Mae Homepath home shopping- Buy two fer one Mr. Investor - 02/03/11 01:00 PM
I just met with a savvy investor today looking at finally getting off the fence and buying a couple investment properties. He came to me with the expectations of putting 25% down and needing 6 months reserves for his other 4 properties he currently has in his portfolio... 
I asked if he knew about Fannie Mae's Homepath Program- 

 
He was not aware of this so I explained the benefits- no appraisal, 90% financing and NO MORTGAGE INSURANCE NEEDED.... He instantly assumed this must be good to be true and wondered exactly what kind of a dump he needed to … (1 comments)

fannie mae: Here comes the inventory and there goes the values - 04/17/09 01:09 PM
Hello,
Rates are creeping up…..

But the real news for the day and to end the week is that I hope you are ready for another MAJOR dump of property the next couple m
onths!!! You all recall my last blog (5 lashings if you didn’t read it!) Where I spoke about the foreclosure moratorium being lifted… Be prepared and line the buyers up for the next flood of inventory and this time they know what they are doing when foreclosing, liquidating and moving property. Asset managers have already been given the green light to “SALE SALE SALE ” … (0 comments)

fannie mae: Daily update from Clark County Lender and Mortgage Rates - 04/08/09 09:11 AM
Hello,  
Business is booming- I swear all we need here in the NW is a little sunshine and it makes people want to buy property! I have worked on We have maintained a diversification with our lending options for investors, first time home buyers and Jumbo loans and have seen a mix of all the last couple weeks. The moratorium on foreclosure was in place from January- March so we will see more homes being foreclosed which will increase the supply of affordable homes. The last couple weeks I have seen multiple offers on housing making an assumption that the … (0 comments)

fannie mae: Homepath in Washington State keeps moving along! - 03/30/09 04:41 PM
Great weekend with all the activity about the listings that Sundin Realty has for the Fannie Mae foreclosed homes. With 6% seller concessions, no appraisal, No MI what's not to love! This will slowly make the difference in some neighborhoods.

I just rescued another deal where this incredible house was listed for $339,000 and the offer was for $341,000 with seller paying $6,000 in closing costs and Wells Fargo declined it due to low value or the new policy of using an AVM and the value was 10% out of perimeter so they don't like it. Come May it is … (2 comments)

fannie mae: Fannie Mae Lifts 4 property limit- the bottom is near! - 02/08/09 06:43 PM
What exactly is the B-TOREN?
(Bubble Tunnel of Real Estate Nightmare)
Fannie Mae Lifts 4 Property Limit
Beginning March 1st, 2009 Fannie will fund up to 10 loans after limiting the market to 4! The bankruptcy cram-down and the house passing a $15,000 buyers credit along with low rates could be what we are looking for- I SEE THE LIGHT!
As we squint down the dark tunnel of the Real Estate bubble or the "B-TOREN" "Bubble Tunnel Of Real Estate Nightmare" a shimmer of light glistens for the first time.  
 Although dim as it may seem, the fact is that … (0 comments)

fannie mae: No appraisal required and Fannie the new Landlord? - 12/14/08 06:50 PM
BRRRRRRRRRRR!!!! It's going to be a cold one this week so make sure you bundle up! For those who are use to seeing my daily report this may come as a little surprise as I have not used an Acronym or an economic indicator as I am about ready to give up on logic! For those that have seen this for the first time I apologize if it comes as junk mail but I felt it was important enough to at least share with you.. if you are not interested in your neighborhood, community or future value of homes delete now.
… (2 comments)