Rent Real Estate

Market Conditions

When the government decided to place Fannie Mae and Freddie Mac into its conservatorship, it opened up many different possible avenues the heal the ailing giants. The New York Times reports that there haven"t been any specific proposals made by lawmakers to date on what to do -- but in one option, some lawmaker "favors restoring [the companies] to health and then returning them to the way they were before they went into conservatorship, but with safeguards to prevent another crisis." This seems a much milder approach than free-market theorists who favor a liquidation of the companies. National Association of Realtors President, Richard Gaylord, issued the statement: "I commend Treasury Secretary Paulson and Federal Housing Finance Agency Director Lockhart for their bold actions to bring stability and continued liquidity to the nation’s mortgage market. Fannie Mae and Freddie Mac have always played a vital role in the U.S. economy by making fair and affordable mortgage loans available for home buyers and owners. Their critical mission must not be interrupted, and Sunday’s announcement goes a long way in making sure that does not happen." Many experts hope that with this takeover will come restored confidence and more movement in the mortgage markets -- and maybe more affordable housing. Click here to view current Market Conditions in your location.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Commercial Property
Estate and mortgage
Investment property
Primary market
Property Management
Real Estate News
Rent Real Estate
Resales
Residential Real Estate
Technology Transactions
News of the day
RE/MAX Satellite Network Sets Records
The first and still the only
Popular Articles
pounds till payday

Payment Options : Revisited
Whoa, did I hit a vein or what? You wouldn"t believe the names I got called when I wrote an article a couple of weeks ago disparaging the newly crowned queen of all mortgage loans, the Payment Option ARM. I also received plenty of emails telling me that they too, think these loans have no place in this business. As a mortgage lender for over 15 years I"ve seen it all -- or at least can claim to -- and I"ll typically get an email or two from consumers after they"ve read one of my articles. But the funny thing was that they were all from other lenders, or mortgage brokers.

How To Make Tax Time Less Costly
Although Congress has reduced the capital gains tax down to 20 percent, no one likes to pay any tax when they sell their investments. If your home is your principal residence, and you have lived there for two out of the past five years before it is sold, you can completely exclude up to $250,000 of any gain you have made ($500,000 if you are married and file a joint return).

© Copyright 2009