Breaking Down The Mortgage Bailout - 09/25/08 11:04 PM
Understanding the mortgage bailout runs a lot deeper than the government simply buying bad mortgages from lenders and putting the on the tax payers shoulders. In fact, the government may even be able line its pockets with trillions of dollars that would once again show the resiliency of the American economy.The issue that currently faces banks and mortgage lenders is that they have assets on their books that have become illiquid because they are continually falling in price. Even if borrowers are current on their home loans, by regulation the lender would have to take a loss on the loan reducing … (5 comments)

Fannie Mae and Freddie Mac Placed Into Conservatorship - 09/07/08 05:36 PM
Treasury Secretary Henry Paulson and FHFA Director James Lockhart made the official announcement today that the government will be taking over the two mortgage giants Fannie Mae and Freddie Mac.
The takeover includes an unlimited supply of money that is designed to help Fannie and Freddie increase liquiditability and help strengthen the residential housing market.  It also allows the Treasury to purchase mortgage backed securities that are originated by the two mortgage giants.
Paulson stated "If the Treasury can hold the securities to maturity, taxpayer losses shall not occur, in fact the program could produce gains."  My guess is that the … (4 comments)

 
Jeremy%20redlinger

Jeremy Redlinger

Maple Grove, MN

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Midwest Mortgage Capital

Address: Maple Grove, MN, 55369

Office Phone: (763) 957-0858

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Local MN mortgage broker with access to over 40 mortgage lenders to help you find the best MN mortgage for your needs.


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