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freddie mac: I Just Asked. You Just Answered. - 01/16/09 06:39 AM
My post yesterday "I'm just asking . . ." elicited many thoughtful comments. So many comments in fact, that I thought another post is the only way to do justice to the issues raised by my readers.
This new and largest yet mortgage refinance boom will help homeowners with a significant equity and great credit. People got that way because they are careful with their money and responsible with their obligations. Helping people of this character will certainly increase the odds that the economy benefits.
There are millions of homeowners, many of them young families and single parent households that … (15 comments)
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freddie mac: I'm just asking . . . - 01/15/09 05:30 AM
Most everyone knows by now that there's a flood of refinancing going on. Refinancing is front page news in the mainstream media. The low rates are artificially induced by the government's intervention into the mortgage securities market. Many homeowners are going to benefit. A lot of the money saved will be spent. That's good for the economy.
I think the Washington policy wonks got it wrong. Big surprise there. The intervention is not helping many people who need and deserve help the most. This post is not to argue whether or not the government should intervene. That decision is made.
The people … (26 comments)
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freddie mac: Fannie/Freddie Bailout. Good or bad for mortgage rates? - 09/09/08 06:03 AM
Does the Fannie and Freddie bailout now mean that every loan they have or make is guaranteed by the U.S. Treasury? Does the bailout eliminate investor risk in mortgages? Dan Green thinks so. You can read about it here: http://www.themortgagereports.com/.
Being a glass is half full kind of guy, I like this take on the situation. Mortgage rates are driven by a number of complicated factors in the long term, but over a short period can be driven by the simplest investor expectations. Selfishly, I also like the idea that maybe I might get a few more title orders to help … (4 comments)
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John Bethell
Bloomington,
IN
More about me…
John Bethell Title Company, Inc.
Address: 329 South Walnut Street, Bloomington, IN, 47401
Office Phone: (812) 339-8434
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