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 -
Investing 101: Real Estate (It's that time again; time to be subjected to get to enjoy another rousing episode of Investing 101! In this edition, we're going to look at one of the most commonly touted investments: real estate! There's a good chance that might already have dipped your foot into real estate investing,...... -
Real Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good...... -
Commercial Real Estate - What Asset Types Are Best To Invest In? Apartment Buildings Mini-Storage/Self-Storage Senior Housing Raw Land Entitled Land, Ready-To-Build Office Buildings Mobile Home Parks Campgrounds/RV Parks Car Washes Ground Leases (With a business on the land owning the building it occupies - a common model for fast food franchises) Hotels Golf Courses Entertainment Centers (mini golf, go carts,...... - Finally! The real gamblers in real estate ... FreeMoneyFinance commented yesterday on a CNN Money article: Homes: Cashing Out Might Freeze You Out A lot of homeowners, seeing a nice rise in the price of their homes and a stratospheric market, think about (gasp!) selling their homes and getting back in later when the market cools down. Not......
- Good vs Bad in the Real Estate Market Real estate has had several changes in the last couple of years. Are those changes for the better or worse? In most cases, those changes have been for the better. Despite the tighten of mortgage qualification for getting a loan, a homeowner can rest assure that they can afford the......
You must log in to post a comment.