All Posts Tagged With: "losses"
FHA “Short Refinance” — Is This The Way To Reduce Foreclosures?
Imagine that you have a mortgage and want to refinance to get a lower rate but the debt is greater than the value of the home. Imagine also that if you can refinance you can avoid foreclosure. The government is now trying to address this scenario, something which is common across the country, especially for [...]
9Aug2010 | Peter G. Miller | 2 comments | Continued
Fannie Mae & Freddie Mac — How Are They Really Doing?
How well are Fannie Mae and Freddie Mac doing? Better than most news reports might suggest. Testifying before the House Financial Services Committee, the chief regulator of Fannie Mae and Freddie Mac, James Lockhart, testified that the two companies own or guarantee 56% of the single family mortgages in this country or $5.4 trillion. Lockhart [...]
4Jun2009 | Peter G. Miller | 2 comments | Continued
Who Should We Blame For The Mortgage Meltdown?
According to Alan Blinder, a former vice chairman of the Federal Reserve and now a professor of economics and public affairs at Princeton, there are six factors which caused the current foreclosure mess — a list which curiously excludes, ahem, the Federal Reserve. Let me explain. Writing in the New York Times, Mr. Blinder says [...]
2Feb2009 | Peter G. Miller | 1 comment | Continued
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