Comments on: A Storm Cloud Named Bernanke: The Real Estate Skies Have Just Darkened http://www.biggerpockets.com/renewsblog/2008/07/16/a-storm-cloud-named-bernanke-the-real-estate-skies-have-just-darkened/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Foreclosure Doctor Onlinehttp://www.biggerpockets.com/renewsblog/2008/07/16/a-storm-cloud-named-bernanke-the-real-estate-skies-have-just-darkened/#comment-58459 Foreclosure Doctor Online Thu, 17 Jul 2008 17:39:52 +0000 http://www.biggerpockets.com/renewsblog/?p=1108#comment-58459 Great post! Scary to see how our entire economy is in a downward spiral because of this housing crisis. We can talk about Freddy and Fanny all we want, but what's done is done. It's time for homeowners to take matter into their own hands, and get themselves out of foreclosure, yes themselves. This is not to say they shouldn't seek professional financial help and advice, this is obviously a necessity. What I mean is, along with the professional financial help, they need a positive and assertive attitude, and they need to act right away, rather than waiting to see what the government will do. Great post! Scary to see how our entire economy is in a downward spiral because of this housing crisis. We can talk about Freddy and Fanny all we want, but what’s done is done. It’s time for homeowners to take matter into their own hands, and get themselves out of foreclosure, yes themselves. This is not to say they shouldn’t seek professional financial help and advice, this is obviously a necessity. What I mean is, along with the professional financial help, they need a positive and assertive attitude, and they need to act right away, rather than waiting to see what the government will do.

]]> By: Commercial Mortgage Loans - MasterPlan Capital LLC - Glenn F.http://www.biggerpockets.com/renewsblog/2008/07/16/a-storm-cloud-named-bernanke-the-real-estate-skies-have-just-darkened/#comment-58432 Commercial Mortgage Loans - MasterPlan Capital LLC - Glenn F. Wed, 16 Jul 2008 20:51:14 +0000 http://www.biggerpockets.com/renewsblog/?p=1108#comment-58432 The loans Fannie and Freddie hold are called "Government Insured Mortgages" for a reason. Hint: It's because the Government Insured them.In other words, the taxpayers were already on the hook long before the Fed made these moves. The loans Fannie and Freddie hold are called “Government Insured Mortgages” for a reason. Hint: It’s because the Government Insured them.

In other words, the taxpayers were already on the hook long before the Fed made these moves.

]]> By: Commercial Mortgage Loans - MasterPlan Capital LLC - Glenn F.http://www.biggerpockets.com/renewsblog/2008/07/16/a-storm-cloud-named-bernanke-the-real-estate-skies-have-just-darkened/#comment-58431 Commercial Mortgage Loans - MasterPlan Capital LLC - Glenn F. Wed, 16 Jul 2008 20:47:37 +0000 http://www.biggerpockets.com/renewsblog/?p=1108#comment-58431 Fannie and Freddie were and are quasi federal agencies that are shareholder owned. It's a complicated situation. But I think we can agree that now is not the time for federal agencies to be going chapter 11. They did what had to be done. They bailed out the mortgage banking system, not fat-cats on Wall Street. Fannie and Freddie were and are quasi federal agencies that are shareholder owned. It’s a complicated situation. But I think we can agree that now is not the time for federal agencies to be going chapter 11. They did what had to be done. They bailed out the mortgage banking system, not fat-cats on Wall Street.

]]> By: Janie Millerhttp://www.biggerpockets.com/renewsblog/2008/07/16/a-storm-cloud-named-bernanke-the-real-estate-skies-have-just-darkened/#comment-58427 Janie Miller Wed, 16 Jul 2008 14:44:38 +0000 http://www.biggerpockets.com/renewsblog/?p=1108#comment-58427 And this is the same argument used everytime the Feds bail out someone. If they don't, things will really get bad. I can't say I have the answer but if this same scenario is repeated time and again, there has to be a different solution. And this is the same argument used everytime the Feds bail out someone. If they don’t, things will really get bad. I can’t say I have the answer but if this same scenario is repeated time and again, there has to be a different solution.

]]> By: Scott Allanhttp://www.biggerpockets.com/renewsblog/2008/07/16/a-storm-cloud-named-bernanke-the-real-estate-skies-have-just-darkened/#comment-58426 Scott Allan Wed, 16 Jul 2008 13:38:56 +0000 http://www.biggerpockets.com/renewsblog/?p=1108#comment-58426 Pretty scary stuff isn't it? Although Fannie/Freddie are hurting, their capital is still good. Dwindling but they are still capable of raising money for the time being. All in all, the Feds MUST bail them out. If they don't, chances are the housing market will get worse than the Great Depression. I don't even want to think about what will happen with no Fannie/Freddie. I'm an optimist though. Pretty scary stuff isn’t it? Although Fannie/Freddie are hurting, their capital is still good. Dwindling but they are still capable of raising money for the time being. All in all, the Feds MUST bail them out. If they don’t, chances are the housing market will get worse than the Great Depression. I don’t even want to think about what will happen with no Fannie/Freddie. I’m an optimist though.

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