The Senate agreed by a 60-37 vote yesterday to extend the Home-Buyer Tax Credit closing deadline by 90 days, from June 30th to September 30th 2010. The operative word being ‘closing’ since this extension does not allow for any new borrowers to take advantage of the very successful tax-credit program and thus does nothing in the [...]
…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 [...]
Column like I seem them…
Bankers are entitlement minded elitists, Brokers are street level hustlers.
Presented with an identical deal, a consumer will routinely choose a Bankers offer, much to the Brokers chagrin (read ‘Why I need to be a hustler’).
Bankers don’t have to disclose how much margin they are making, Brokers do but usually don’t (until [...]