The Housing Bill has passed in the Senate with some Republicans grousing that it is an unfair bailout at the taxpayer’s expense. Some highlights: Increase the Federal Housing Administration’s role. Establish a stronger regulator for the GSEs. Permanently increase “conforming loan” limits. Create home-buyer credit. Bar down-payment assistance for FHA loans. Create an affordable housing [...]
Posts Tagged ‘freddie mac’
Thoughts on the Housing Bill
Posted in government, tagged FHA, freddie mac, housing bill. fannie mae on July 27, 2008 | Leave a Comment »
On Government Bailouts
Posted in government, Mortgages, tagged fannie mae, freddie mac, government bailouts on July 15, 2008 | Leave a Comment »
Uncle Sam is stepping in to aid Fannie Mae and Freddie Mac. One might question the wisdom of government bailing out mortgage companies. In this case, I don’t. Fannie and Freddie are part of the solution, not part of the problem. By definition, they were not sub prime lenders. They just bore the brunt of problems [...]
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J. Philip Faranda Broker-Owner (914) 723-8900
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