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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (122127)5/10/2008 5:11:47 PM
From: RockyBalboaRead Replies (1) | Respond to of 306849
 
Sounds as if FNM is getting ready for the next housing boom, right? First mover advantage...

But that´s easy, with the only serious competition alive being Freddie Mac.
Honestly, in the midst of a housing downturn financing at 120% is somewhat daring.



To: Peter V who wrote (122127)5/10/2008 5:30:46 PM
From: XoFruitCakeRead Replies (1) | Respond to of 306849
 
"125% loans were quite common in the mortgage boom. But now that we know better, it's surprising that FNM is going to bring them back."

CR has a blog on this item..It may be interesting read if you want to explore the subject. But FNM is not doing anyone favor, they are just trying to offer a way to workout their own failing mortgage..

calculatedrisk.blogspot.com


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