fannie mae: Publics Ignorance of Facts
- 10/06/08 07:39 AM
Fannie Mae / Freddie Mac Rescue We as a nation are close to making the wrong decisions at the ballott box next month due to lack of knowledge, understanding, and in many cases just ignoring historical facts. The recent collapse of the financial markets was not, in great part, of this administrations doing. President Bush is far from the fiscal conservative that Ronald Reagan was, but he is not to blame for the failing of Fannie Mae and Freddie Mac. Both have been overseen by the Democrats since their inception. But President bush did call for a tightening oversight of Fannie … (0 comments)
fannie mae: Takeover of Fannie Mae/Freedie Mac affect on mortgage rates
- 09/11/08 03:12 AM
The government bailout of Fannie and Freddie had a great impact on Conforming Fixed rates today. Conforming Fixed Rates dropped by .25 to .5 depending on the loan size and type of loan quoted. Many experts are predicting they will continue to drop in the next few weeks. This is great news for well qualified clients wanting fixed rate loans of $417,000 or less. The tightening of guidelines is expected to continue however. So although rates are great, prospective buyers will pass an even higher bar of standards to qualify. This improvement on the fixed rate loans had no effect on … (0 comments)
Fannie Mae / Freddie Mac Rescue
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