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Long-Term Solution for Fannie and Freddie Dilemma
They are the largest buyers of U.S. home mortgages. If Fannie Mae and Freddie Mac collapse the result would be the wholesale destruction of the national mortgage system; a virtual halt to home sales because few local mortgages would be available; soaring interest rates because few loans would be available and a level of losses throughout the economy unseen since the Great Depression. billion direct line of credit with the U.S. Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller    Its been a rough year for Fannie
www.realtytrac.com - Tuesday, February 3, 2009
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Can "Appreciation Sharing" Solve The Mortgage Mess?
Miller     We’re about to see something new in the mortgage marketplace: The government is going to insure huge numbers of shared-appreciation mortgages, a type of home financing rarely seen in the U.S. Unlike equity sharing, with appreciation sharing if the property’s value goes down Uncle Sam or an investor is not responsible for any part of the loss. “If we’re going to restore home values nationwide then we need to get more buyers into the marketplace,” says James J. Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G.
www.realtytrac.com - Tuesday, February 3, 2009
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Avoid and Stop Foreclosure - Help at RealtyTrac
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www.realtytrac.com - Tuesday, February 3, 2009
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