Real Estate News by Charles Feldman | September 16, 2009Worried about government run health insurance? Maybe you should be more concerned about the government run housing market!
For those of you who have lost track of where all our taxpayer dollars have gone as we bailout banks, brokerage houses, car companies, insurance companies…etc—-this sobering statistic courtesy of the New York Times may be a needed splash of chilled water on the face: “The government is financing 9 out of 10 new mortgages in the United States.”
That bears repeating……”The government (as in U.S.) is financing 9 out of 10 new mortgages in the United States.”
According to the Times account, ” Fannie (Mae) and Freddie (Mac) now buy or guarantee almost two-thirds of all new mortgages. The Federal Housing Administration guarantees another 25 percent.”
Real Estate by Steve Heideman | February 16, 2009As of last Friday, there is good news for real estate investors with more than 4 financed properties. Fannie Mae is lifting their ban on financing investors with more than 4 financed properties raising the total number to 10. According to Fannie Mae, the rationale for the change is that experienced investors can “play a [...]
Joshua Dorkin
What a Private Mortgage Market Could Mean to You
by Kevin Kaczmarek | March 9, 2011The New York Times featured an interesting article last week on life after the 30 year mortgage. More specifically, how the mortgage market would look like if Freddie Mac and Fannie Mae go away. Some would say, the reduction in government “guidance” in the mortgage market will be good for free enterprise and will create [...]