ACC Archives

Tag: Freddie Mac
Interest-only mortgages: They’re baaack

Oh this is a great sign. It does sound like the parameters around these new interest only loans are pretty conservative, 20% down, 720 FICO score, etc. But take it as a bellwether. Watch to see if more of this...

Mortgage applications plunge to 14-year low

A minuscule move up in mortgage rates caused a significant downdraft in mortgage applications. And with cash buyers increasingly out of the picture, mortgage dependent buyers are where it’s at for real estate. The problem is the latter group is...

Stealth Bailout for the Big Banks, Write Downs

In yesterday’s New York Times Gretchen Morgenson examines the plight of Ed DeMarco who is the acting director of the Federal Housing Finance Committee. He has suffered the slings and arrows of many in Washington because he hasn’t forced Fannie...

SEC Comes After Freddie & Fannie Execs

So the former CEO of Freddie Mac and the former CEO of Fannie Mae are to be sued by the SEC for lying about the vast amounts of subprime debt they had in their books. Great, sue them. But why...