Leave a Reply

17 Comments on "REAL ESTATE"


Easy-E
Member
8 years 8 months ago

Peachy.

Of course this comes from the National Association of Realtors. It’s safe to assume that figure is manipulated in some way.

http://news.yahoo.com/s/ap/20080124/ap_on_bi_ge/economy

strand tramp
Member
strand tramp
8 years 8 months ago

that would be the point of the program, if conforming requirements are changed, even for a small period of time, they would have to take them. the key at this point is to strengthen the financial institutions. please see AMBAC/FGIC bailout plan being touted…that is the reason the DOW moved 600pts yest from the intraday lows to the close. homeowners? they’re a second concern at this point. or third…fourth?

homeboken
Member
homeboken
8 years 8 months ago

[quote comment=”63876″]more likely it’s just a window for banks to clean out their portfolio of jumbo’s and offload to the GSE’s thus reducing their overall mtg exposure on the balance sheet.[/quote]

Possible, except Fannie and Freddie have little appetite for jumbo residential paper right now. You can call it conforming, but yesterday it was non-conforming, the risks associated with the debt don’t change b/c you changed the name.

strand tramp
Member
strand tramp
8 years 8 months ago

more likely it’s just a window for banks to clean out their portfolio of jumbo’s and offload to the GSE’s thus reducing their overall mtg exposure on the balance sheet.

FAP
Member
FAP
8 years 8 months ago

[quote comment=”63865″]WTF is an upside down borrower?[/quote]

A person who owes more on the house than the house is currently appraised at.

ST the one year with the possible extension caught my eye too. Perhaps the hope is if conventional rates are offered for a limited time it will encourage people/investors to come in and buy homes from troubled owners.

Interesting times….

wpDiscuz