mortgage crisis: bad phase of the bottoming of the real estate - 02/26/08 01:16 AM
Correction Appended An investigation into the mortgage crisis by New York State prosecutors is now focusing on whether Wall Street banks withheld crucial information about the risks posed by investments linked to subprime loans. Reports commissioned by the banks raised red flags about high-risk loans known as exceptions, which failed to meet even … (0 comments)
what does the GOVERNATOR wants ? - 02/18/08 08:56 PM
Here in California Gov. Arnold Schwarzenegger wants Congress to raise the Fannie Mae and Freddie Mac lending limit from $417,000 to at least $625,000 as part of the economic stimulus package. State Assemblyman Ted Lieu is pushing for a bill that requires mortgage lenders to tighten up already strict guidelines to … (1 comments)
fannie mae to bring up the conforming limit ??? - 02/18/08 08:54 PM
Now what? Frankly, analysts feel that enactment is possible by mid-February but looks more likely by early March. No large investors will make any policy changes or announcements until the issues are less confusing, or even voted into law. Apparently, the bill would temporarily increase the limit on mortgages Fannie Mae … (0 comments)
did they raise the conforming limits or not? And mortgage rates continue to worsen - 02/18/08 08:53 PM
As part of the economic stimulus package, an increase in the conforming limit could now be a reality, at least for a brief period. Congress and President Bush agreed, but have not voted yet, on a 1-yr increase in the conforming loan limit to $730K. There is not a lot of … (0 comments)
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Correction Appended
