Fannie Mae is one of the two quasi-governmental mortgage investment companies regulated by the Federal Housing Financing Agency. Fannie Mae buys mortgage loans from banks who have made the mortgage loans to consumers. Fannie Mae sets criteria for the loans that they will buy and banks try to meet these criteria in order to sell the loans. When banks get money from Fannie Mae, they have more money to loan to home buyers.
A Great Explanation Of What Happened This Week
From the Freakonomics Blog at the New York Times: An excellent discussion. http://freakonomics.blogs.nytimes.com/2008/09/18/diamond-and-kashyap-on-t...
Let The Lawsuits Begin
On my radio show yesterday, listeners were so mad they were crying out for blood. "Who will go to jail for this," they asked. I said that when you co...
$700 Billion? Are You Serious?
The email was sent out from Treasury at 7:03pm last night. Treasury Secretary Henry Paulson is asking for $700 billion to bail out the bad mortgages s...
Listen To September 7 Ilyce Glink Show
Ilyce's most recent Sunday show is now available on ThinkGlink.com: https://www.thinkglink.com/radio.asp Ilyce discussed the Federal Government's takeo...
Today On The Clark Howard Show September 9, 2008
Today on the Clark Howard Show, we'll take a look at Day 2 of the Fannie Mae/Freddie Mac takeover. Mortgage interest rates dropped dramatically yester...
Fannie Mae And Freddie Mac Bondholders Should Be Fine
We've had some calls from people who hold Fannie Mae and Freddie Mac Bonds. While the Fannie and Freddie Shareholders have had 80 percent of their sha...
Today On The Clark Howard Show September 8, 2008
Today on the show, we're going to talk about the Fannie Mae/Freddie Mac takeover by the Federal Government and what it means to you. We'll also have ...
Ilyce Glink on WSB Radio – September 8, 2008
Today on the Clark Howard Show, Ilyce Glink filled in. She discussed the Federal Government's takeover of Fannie Mae and Freddie Mac and walked listeners through what might happen to mortgage rates, housing prices, loan adjustments and Freddie and Fannie bonds. She took calls about refinancing, short sales, foreclosures, buying a house, rental properties, social security and spousal benefits, home repair fraud, and buying on debit cards. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
Today on the Ilyce Glink Show September 7, 2008
Sunday 9/7/08 on the Ilyce Glink Show Today on the Ilyce Glink Show, we discussed the Federal Government's takeover of secondary mortgage market gian...
Ilyce Glink on WSB Radio – September 7, 2008
Today on the Ilyce Glink Show, Ilyce discussed the Federal Government's takeover of secondary mortgage market giants Fannie Mae and Freddie Mac. She took calls from listeners like Cathy, who are wondering if the takeover will have an impact on their house closings in the coming weeks. Ilyce's answer: No. She said the takeover should help get the mortgage market moving again as international investors regain confidence in the U.S. mortgage market. Ilyce also took calls from Bob about how he should put money away for his grandchild (who would be the first person in the family to go to college), and from Chris, a real estate broker for 30 years who is incensed about what has happened to the real estate market and Fannie Mae and Freddie Mac. She also answered questions about how to encourage an ex-spouse to refinance a loan after a divorce, whether you should stay in the stock market if you're in retirement, and other investment questions. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.