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” We are seeing more people with homes that were on the market for $4 million to $7 million that are not selling and they are calling us, said Jim Gall, president of Auction Company of America.”
Should the government own any part of the “good” Fannie and Freddie?
” If policymakers have learned anything from the subprime meltdown, it’s that the hybrid model doesn’t work. As the saying goes, it privatizes the upside and socializes the downside. There’s no such thing as an “implicit” government guarantee — if Wall Street pins its investing on the likelihood of a federal bailout, there will be a bailout. So let’s not do that again, shall we?”
how does a mortgage broker get paid?
” Mortgage Q&A: How does a mortgage broker get paid?”
Aaron Krowne on PRN’s “News Dissector”
The topic is “Wall Street Crime” and the financial crisis.
Mortgage Giants’ Revamp Disputed
” The White House on Thursday played down internal discussions of creating a government-backed “bad bank” to take hundreds of billions of dollars in troubled loans off the books of mortgage-finance giants Fannie Mae and Freddie Mac.”
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