Fannie Mae has traditionally only bought and sold mortgages. But when a loan held by the company goes into foreclosure, Fannie Mae gains ownership of the underlying property until it is resold to new investors.
I got told so many times I needed a manager. For a long time I resisted, and I finally got one so I can pay my mortgage, and it helped me from becoming a homeless person.
Dr Ray Stantz: My parents left me that house. I was born there. Dr. Peter Venkman: You're not gonna lose the house, everybody has three mortgages nowadays.
Sometimes I really need the money, really need to go straight to work. But if I had the absolute choice - money no object, my mortgage paid off - I'd really just work once or twice a year - but wouldn't everybody! - or at least do a different job som...
Some countries, like Saudi Arabia, where the population growth is very high, whereby you don't have the mortgage low yet. Still the demand outstrips supply by much.
Refinancing your mortgage usually makes sense if you can lower your interest rate by at least two points. But the most important question to ask yourself is, how long will it take you to break even?
I was a caddy once and I lost the golfer's clubs. Plus I don't know how to golf, so I was the worst caddy ever. Then I was a mortgage brokers assistant, so that was just carrying around a lot of files - pretty meaningless, mind-numbing work.
The people that make this country work, the people who pay on their mortgages, the people getting up and going to work, striving in this recession to not participate in it, they're not the enemy. They're the people that hire you. They're the people t...
I think economics is about passion. Economic progress, whether it is a two-person coffee shop or whether it is Netscape, is about people with brave ideas. Because it is brave to mortgage the house, when you've got two kids, to start a coffee shop.
The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure that households could find mortgages at low interest rates even during the worst phase of t...
The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market ...
American business would be run better today if there was more alignment between CEOs' interest and the company. For example, would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take...
Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were be...
Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than ren...
I think we've been dulled by capitalism. We're just blobs now - we're so worried about how we can keep paying the lease on the car, the mortgage, the lease on the toaster and all that. You can't really think about much else. If you lose that, you los...
Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at matur...
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a...
I'm wildly unskilled at what I do. Part of me thinks: 'Why do I think I can pull this off?' but the part of me that has to pay the mortgage thinks: 'Just get on with it!' I'll just keep going until someone discovers I'm no good.
The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things woul...
Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in coun...
I have met too many people who are looking for work, worrying about their mortgage, uncertain about their health insurance, and doubting that things will get any better anytime soon. Not just concerned about the present, many of us are doubting the f...
