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mortgage bailout: Troubled Asset Relief Program Bails Out Over 100 Institutions - 12/17/08 05:12 PM
The Troubled Asset Relief Program (TARP) has surpassed the 100 bank and institution bailout point totaling $167,756,852,000 in taxpayer money under the Capital Purchase Program according to the December 16th, 2008 Transaction Report by the Treasury.
The first bailout recorded on the Capital Purchase Program was on October 28, 2008 for a total of $15,000,000,000 awarded to Bank of America. On that same day Citigroup, JP Morgan Chase and Wells Fargo have recorded the largest single transaction of $25,000,000,000. Since then the Treasury has eased its spending somewhat with the largest single transaction for the month of December in the amount … (0 comments)

mortgage bailout: 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)

mortgage bailout: 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)

mortgage bailout: Fannie Mae, Freddie Mac: Where Do They Stand - 07/20/08 12:51 PM
It is no doubt that Fannie Mae and Freddie Mac are the backbone to the success of the US mortgage industry.  So how is it that these two mortgage giants came to a position where the government is stepping in to make certain that they do not fail?
Fannie Mae, created in 1938, and Freddie Mac, founded in 1970, buy mortgages from lenders and package them into securities that are sold to investors. This frees lenders to provide new mortgages, making it easier for more Americans to buy homes. The entities hold or guarantee $5.3 trillion in mortgages, about half the … (0 comments)

mortgage bailout: Let The Mortgage Bailout Begin - 03/11/08 11:58 PM
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mortgage bailout: Fannie & Freddie.... Setting Up The Mortgage "Bailout" - 03/02/08 11:26 PM
It has been said by many experts around the country that government would not look to "bailout" banks to fix the mortgage problem but, if it was 2 government backed entities would that make a difference?
Even with the loss of billions of dollars that Fannie and Freddie both posted just a few days ago, they both now have the ability to purchase more mortgages from lenders to sell on the secondary market.
The logic behind lifting the restrictions on these two mortgage giants is that by allowing them to purchase more loans it will allow lenders to make more … (0 comments)

 
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Jeremy Redlinger

Maple Grove, MN

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PRC Funding Minnesota Mortgage Broker - Jeremy Redlinger

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