Many pundits speak about these turbulent times as a recession, depression or somewhere in between. I personally like to view the glass half full and pronounce this time in our economy’s history as an epic correction. Times of unprecedented growth are almost assuredly followed by times of unprecedented ’shrinkage’…you know, markets are cyclical in nature, [...]
…discussing the Fannie and Freddie Government takeover news…
Image Provided by AgentGenius (Probably Lani)
The Fannie Mae and Freddie Mac poker game is progressing…their chip stacks have diminished substantially but Freddie appears to be calling in a credit marker from the House…
We’ve seen The Flop…which may have been initiated by the Financial Accounting Standards Board almost 6 months ago.
From yesterdays post:
If I’m reading the table correctly, Fannie and Freddie’s [...]
Fannie Mae and Freddie Mac’s recent Wall Street nose dive is an interesting study in how equity market emotionally charged speculative economics have infected the debt sector. The whole string of events that have brought things to where they are today also resembles a poker game, where no one shows their hand until the very [...]
Flush with new cash to buy up Mortgage Backed Securities, Fannie Mae has released new guidelines when it comes to credit score, LTV and prior foreclosure standards for borrowers. While my presumptive thought was that they would tighten the screws across the board, Fannie is actually expanding approval criteria in certain instances.
As stated, this is [...]