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fannie: Is Barney Frank actually serious? - 03/05/10 07:44 PM
In a Wall Street Journal article today Barney Frank "warns" of a non government backed future for Freddie, and Fannie.  "Rep. Barney Frank has unexpectedly called into question the safety of investing in Fannie Mae and Freddie Mac." 
Basically, Representative Frank is saying that bondholders of Fannie & Freddie can't expect the government to step in and make good on these bonds.  This is something that I have been complaining about since that day in September 2008 that I look at as the official end of Capitalism.  When the government actually bailed out the mortgage giants, investors got exactly what they … (14 comments)

fannie: Market Update 07-14-08 - 07/14/08 01:12 PM
US Stocks began the day on the uptick, but have since turned sour, mainly on concerns over financials.  Mortgage Bonds reacted well to the government actions regarding Fannie, and Freddie, and have made up most of Friday's losses.  
Stocks got a big push from government statements of support plans for troubled mortgage giants Fannie Mae, and Freddie Mac, but the "Stimulus" has fizzled as the day wears on.  Other good news for the markets came from expected strong retail sales numbers, led by projections from Wal Mart, on the strength of promotions taking advantage of consumer's stimulus check windfall.  However, there is … (0 comments)

fannie: What's next for Fannie and Freddie? - 07/13/08 04:51 PM
As we look ahead to the upcoming week our industry is focused on the health of the two premier lending enterprises Fannie Mae, and Freddie Mac.  After their stocks took a roller-coaster plunge on Friday, fueled mainly by an emotional level of investor sell offs (aren't they all on Wall Street?) Monday looks to be quite dicey at best.
Rumors are currently out that US Treasury Secretary Hank Paulson is hammering out a plan to inject $15 Billion of new capital into the two Government Supported Entities prior to the Market's opening on Monday.  While this may be welcome news for our housing … (4 comments)

fannie: Explanations & Expectations for the week of 07/14 to 07/18 - 07/12/08 05:26 PM
Volatility, Chaos, Turmoil?  These tend to be the most popular descriptions of Wall Street once again this past week.  In a week that featured very little in the way of economic reports to shed light on the realities of our economy, we saw how rumors, and emotions, with a sprinkling of facts, can have a major impact on our Markets. 
The usual suspects were once again leading the headlines: fears of rising inflation, increasing prices for commodities led by Oil and Gold, and concern over our falling Dollar value.  Yet, despite all the angst in the market, we actually saw mortgage rates end the week lower than … (0 comments)

 
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Ron Brown FHA & VA Home Loan Specialist

Puyallup, WA

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Pinnacle Mortgage Planning

Address: 33915 1st Way S. , suite 100, Federal Way, WA, 98003

Office Phone: (253) 520-0000

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The views, and opinions expressed here represent the personal views, and opinions of Ron Brown. They are not necessarily the views of First Mortgage Company, and should not be construed as being so. They are for informative purposes only, and any persons reading them are encouraged to research there current relevance, and timeliness before taking any action.


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