Posted September 23rd, 2008 by Sheila
The government’s big plan of bailing out Wall Street of all of their bad investments may help to stabilize the declining housing market. Of course this is just a theory at this point. The thought process is if the government can buy troubled mortgage debt from banks, more money would be available for borrowers. Combined [...]
Tags: buyers, foreclosure, mortgage, sellers, Tampa Real Estate
Posted September 16th, 2008 by Sheila
The government just can’t rescue everyone, which is evidenced in Lehman Brothers Holdings bankruptcy filing. Lehman is the fourth largest U.S. investment bank filed for bankruptcy Monday. This is the largest ever bankruptcy filed since Lehman held $600 billion in assets. The government has already had to bail out Freddie Mac and Fannie Mae as [...]
Tags: home loans, homebuyers, mortgage, Tampa Bay area real estate
Posted September 9th, 2008 by Sheila
If you are currently looking for a new home or thinking about buying a new home, you should start ordering your credit reports from the three major credit bureaus now (Experian, TransUnion, Equifax). It is critical to review your credit report at least once a year to make sure everything is correct because there could [...]
Tags: buying a new home, credit report, mortgage
Posted September 8th, 2008 by Sheila
What does the Fannie Mae and Freddie Mac bailout meant to home buyers and sellers? The bailout could mean lower interest rates, which will hopefully encourage buyers. The expectation for a 30-year fixed conventional loan rate to fall over the next few weeks as much as a half percent. Unfortunately, the declining housing market will [...]
Tags: buyers, Fannie Mae, foreclosure, Freddie Mac, government bailout, homeowners, mortgage, sellers
Posted July 21st, 2008 by Sheila
I seem to get the question of what happened to Fannie Mae and Freddie Mac alot these days from people who say they read the news reports, but don’t fully understand what they are reading. In short, Fannie Mae and Freddie Mac borrow money from the debt markets to buy mortgage loans. They will either [...]
Tags: foreclosures, housing market, mortgage
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