More info…
“The S.A.F.E. Act requires the agencies to jointly develop and maintain a system for registering residential mortgage loan originators who are employees of agency-regulated institutions, including national and State banks, savings associations, credit unions, and Farm Credit System institutions, and certain of their subsidiaries. “
Fed Mortgage Efforts Prove Costly
The U.S. Federal Reserve’s program to keep mortgage rates low by buying securities and Treasury bonds so far has been costly and seems to be having a fleeting impact.
An analysis of the timing of the Fed’s purchases of mortgage-backed securities by J.P. Morgan Chase & Co. shows the Fed is “under water” on its portfolio by about 1%, and it would have to take about $5 billion in losses if it were to mark its portfolio to the market.
” Krugman points to the 1982 signing of the Garn-St. Germain Depository Institutions Act that deregulated mortgage financing, encouraged absurd levels of personal debt and ushered in a period of government deficit spending that while curtailed by Clinton was exacerbated by Bush to a point where we were caught with our pants down for the payoff of 25 years of deregulation and debt-binging.”
Related Websites -
Real Estate: No Bottom Yet? John Mauldin is an investment adviser and president of Millennium Wave Investments. He sends out an interesting weekly newsletter, which most recently focusedon the current real estate market. It seems like the bottom isn't in sight yet: Analyst contend that much of the bad news in the subprime-loan and housing...... -
Commercial Real Estate - Latest News The latest news in commercial real estate from around the blogosphere: How to find a good commercial real estate agent? of Property Real ... I want to purchase a commercial real estate property, preferably a retail or office property. How do I find a good agent to help me out...... -
The Mortgage Crisis and Investments in Real Estate According to regional and state real estate analysts, the factors which previously fueled the housing boom of the last few years are easy to explain. The factors that fueled this boom in the real instate industry ranged significantly, including: - Interest rates that were historically low. - Flight-Risk Safety Investments...... -
Dave Ramsey's Financial Peace University: Week 12 - Real Estate and Mortgages Last week - Working in your Strengths Last week was week 11 in Dave Ramsey's "Financial Peace University". Week 11 was all about careers and doing what you love for work. Ideas talked about: The average job in America is now 2.1 years in length. The key to power in...... -
How to Get Out of Trouble in the Real Estate Market If you invested in the real estate market recently and are now regretting that decision, there are a few ways that you can get out of financial trouble. For awhile, the real estate market was very solid and property values were going up. Many experts advised investing heavily in real......
You must log in to post a comment.