fannie mae: Are Fannie and Freddie doomed?
- 01/22/10 08:34 AM
The following from a CNBC story: CNBC Reports... Fannie, Freddie Cannot Exist in Current Form: Frank Rep. Barney Frank (D-Ma.), chairman of the House Financial Services Committee, said Friday that Fannie Mae and Freddie Mac should be eliminated as they stand now. "This committee will be recommending abolishing Fannie Mae and Freddie Mac in their current form and coming up with a whole new system of housing finance, that's the approach rather than the piecemeal one," Frank said. Frank made his comments during the committee's hearings on executive compensation. I, for one, agree with congressman Frank on this issue. It is … (0 comments)
fannie mae: CreditScore 101
- 07/31/09 07:39 AM
In a world of shrinking mortgage options, I have found a way to grow my market. I call it CS (credit score) 101. Many consumers do not meet minimum thresholds to get a mortgage loan in today's world of FNMA/FHLMC/FHA/VA/USDA only lending. Often I find that credit scores are unnecessarily low because consumers do not understand their rights under the "Fair Credit Reporting Act" or they do not keep close enough tabs on their credit report and scores. CS 101 uses several tools to help consumers understand the components that effect credit and provides strategies to improve their score and correct … (1 comments)
The following from a CNBC story:
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