35 Burst results for "freddie mac"

US home construction jumps 17.3% in June

Morning Edition

00:25 sec | 2 weeks ago

US home construction jumps 17.3% in June

"This morning. US home construction jumped 17.3% in June in some states reopened. It's good news. People still want to buy homes, though at a slower pace than last year. People want to buy two or at least refinance now that the rate on a 30 year fixed mortgage fell below 3% this week, according to Freddie Mac. This is the first time that's happened in the past 50 years. Marketplaces. Justin

Freddie Mac United States Justin
US mortgage rates fall; 30-year at all-time low of 3.13%

All Things Considered

00:23 sec | Last month

US mortgage rates fall; 30-year at all-time low of 3.13%

"Long term mortgage rates took another slight tip up this week with benchmark thirty year fixed rate mortgages at their new low of three point one three percent from three to one percent a year all you we could go to lowest level since mortgage buyer Freddie Mac began keeping track in nineteen seventy one a year ago the rate was at three point eight four percent the average fifteen year mortgage fell to two point five eight percent last week stocks after moving between small gains and losses end of the session mixed the Dow was down thirty nine points today the nasdaq up thirty two points yes and P. closed up a fraction

Freddie Mac
US long-term mortgage rates mostly steady; 30-year at 3.21%

America First

00:23 sec | Last month

US long-term mortgage rates mostly steady; 30-year at 3.21%

"On term U. S. mortgage rates were mostly steady this week continuing the hovered near all time lows mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark thirty year home loan edged up to three point two one percent from three point one eight percent last week a year ago the rate stood at three point eight two percent the average rate on a fifteen year fixed rate mortgage was unchanged at two point six

Freddie Mac
Economic Fallout From COVID-19 Is Hard On Landlords Too

NPR's Business Story of the Day

05:57 min | 2 months ago

Economic Fallout From COVID-19 Is Hard On Landlords Too

"Explored the uncertainty from a lot of different perspectives and nothing can feel more destabilizing. The Not knowing if you're going to be able to make your rent next month we've heard on this show about how much renters who've lost income from the current crisis are struggling today. We're going to hear from the other side of that relationship. The landlord my name is Marilyn. Jim I am a small mom and pop landlord in Seattle with my husband We live in a triplex with our children and our tenants. Our House was built as a single family home in nineteen twelve by an Irish immigrant. Who had eighteen children and so? It's a good sized home sometime. In the past it was divided into a triplex. They both have day jobs but they rely on the rental income they get from several properties around the city. You know my husband will be the guy who's pushing the lawnmower so our tenants know us get to know us very well. They see us. They know that our family lives here. And and You know it's it's very much a personal up close up front relationship but that relationship has taken on a new sense of gravity since the financial crisis triggered by the pandemic all. Her tenants paid late in April and then in. May One of her tenants couldn't come up with the money at all. We came to the table with some ideas of what we could do to help. Meet them in the middle and we've come up with a plan that will take us through the next two months and then we're going to check in again in June and reassess but you know my husband and I have also had the conversation of ultimately. How long is this going to last? How long can we last? They're worried because they don't have a lot of extra money on reserve to float their mortgages if their tenants can't pay. We're not hoarding money here. And so we don't have a large cushion to tap into to get through something like this or mortgage lender is only allowing three months of forbearance and they want full repayment. At the end of free months it's hard for us to think. How are we going to get through if Are Tenants get to the point? Where there are no longer able to pay. Npr correspondent. Chris. Arnold has been looking into the dilemma that Maryland yet and many small landlords find themselves in right now and he joins us. Hey Chris Rachel so what stood out to you in Maryland Story. Will I think a lot of people are in the situation? And th there's all kinds of landlords out there and I think people tend to think about landlords is like big mean faceless corporations or you know as people rubbing their hands together wanting the money but there's just a lot of mom and POPs who were regular people and they wanna keep good tenants and they want to help them but they do depend upon this rental income right because they're not be corporations. They got bills to pay to like their mortgage and Congress mandated help for homeowners and that includes small landlords like Maryland. Were in exactly the situation and so when you play the interview for me. The the big red blinking alarm light that I heard in it was. She said that her lender told her that if she skipped payments she have to pay them all back in just a few months in this giant lump sum doesn't make any sense in this crisis in this kind of big balloon. Payment thing is is absolutely not the way that this is supposed to work. Okay so how is it supposed to work but good question So we should say that this is four home loans that our government back so by Fannie Mae or Freddie Mac and a lot of people don't even realize that their home mortgages backed by the government and somebody but seventy five percent of all homeless in the country are and so as Maryland's I checked and experts at. I've talked to say that for the vast majority of people who were struggling financially in this outbreak for them the rules say that they should make payments again when they're able to and it should be the same monthly payment their payments should not go up no big crazy. Lump sum payments should just get moved to the back and of the loan term. Okay so if it's a thirty year loan now. It's a thirty year loan plus say six months of missed payments on the back end. If these are the rules Chris Wise Maryland hearing something different and can Marilyn just push back yes she absolutely can and I've talked to borrowers who have done that. And sometimes they get a much better answer. And here's what's been going on. And after a lot of initial confusion. The Mortgage Bankers Association says that the companies are dealing with this much. Better this better information out there but the current system has a complicated set of rules and it relies on on lenders. Who've got like call center workers working from home they have to interpret this complicated set of rules properly and borrowers are sort of at the mercy of their lenders getting this right and arguably. It's not really going that well for a lot of people look at what. Maryland's going getting all SPAN INFORMATION. So that's why there are growing calls from Congress to fix this. I talked to Steve. Sharp with the nonprofit National Consumer Law Center. It's so important. We believe for Congress to step in and clearly state through law that for folks who have covid nineteen forbearance the real default should be putting their mortgage payments at the end of the lowe. Okay so just make that. The default make it automatic. So there's confusion the payments. Just go on the back end right and and some members of Congress do WANNA do this. There's a bipartisan group of State Attorneys General who were pushing for this to the CEO of a mortgage company. I talked to likes the idea and I actually called up and talked to Maryland and her husband again and I. Currently they're using their tenants security deposit and the last month's rent to sort of make up some of the difference of the rent that they're not able to pay but that's not going to be able to go on for too much longer and Maryland said look at mean having the certainty of this default option would make them much more comfortable skipping mortgage payments so that they could afford to be more flexible with with their tenants. Yeah because then. We wouldn't even need to be talking about drawing down from the money that they already put on deposit with us you know we could leave that untouched We would definitely have a whole lot more flexibility to to really see you know if if they are drawing from their savings. Maybe they don't need to do

Maryland Congress Marilyn Seattle Mortgage Bankers Association Jim I NPR Chris Wise Chris Rachel Chris CEO Fannie Mae Arnold Lowe National Consumer Law Center Steve Freddie Mac
Here’s what you need to know about paying your rent or mortgage

Dan Proft

05:09 min | 4 months ago

Here’s what you need to know about paying your rent or mortgage

"So we talked a lot about the P. P. P. over the last couple of days the payroll protection program trump suggesting yesterday that he once said two hundred fifty two or fifty billion dollars to that the loan forgiveness program for small businesses what about individuals who are wondering about how they're going to pay their mortgage as they're waiting for the disaster relief checks or for unemployment insurance benefits to kick in for a discussion about the mortgage business we're pleased to be joined by our friend David hopper vice president lending of team Hochberg and home side financial David thanks for joining us appreciate it thank you ram appreciate the opportunity so thinking about people in financial distress or certainly concerned about being in financial distress in the not too distant future depending on how things transpire what are some of the questions you're getting in the recommendations you're making to people yeah well again thanks a lot for the opportunity your listeners are gonna fall into fort Meade a mostly four categories one there you're gonna have a party mac clone they're either going to have Fannie Mae Freddie Mac and will throw three categories trying to be pretty back FHA or VA okay Fannie Mae Freddie Mac allow your listeners and the easiest way to find out guys is to just call the eight hundred number on your mortgage statement and call them up and ask them if you have a female Freddie Mac FHA loan if you have a VA loan you you most likely would not be a long serving in our military or our a surviving spouse what what cleaning may forty mac have have issued rules that their servicers can allow up to twelve months of forbearance here's the biggest challenge though a forbearance is when a borrower can differ mortgage payments without any late fees or down any hits on the credit the challenges it's up to the servicer the person that has your mortgage that you're writing your mortgage thank you to make that determination what they've said is spinning the forty mac and come out and said is if you call them and state that you're having economic hardship economic challenges due to corporate nineteen coronavirus they will put you into a forbearance without any issues here's a challenge with Randy for Fannie Freddie rules state that if they put you to a three month of forbearance for example if you call today you could defer your April may and June payment but come July what your listeners to allow listeners don't realize come July first when the to my mortgage payment is due they want the ninety days of deferred payments as well so that's a major challenge and I called up my servicer who is chasing set what happens if listeners borrowers can't make that hundred twenty days worth of payments obviously they're going to permit into forbearance because we've got challenges he's like well they have to call back again they're not gonna make it easy for you you have to call back and either ask for another forbearance for loan modification at that time but see anybody Freddie Mac rules clearly state in a recent letter that they sent out to all other other servicers that farmers can get up to twelve months worth of errands now on the FHA rules FAQ role is completely different and this is important for your listeners to understand if you have an FHA rule FHA wrote FHA will allow six to twelve months worth of forbearance so they'll give you six blocks at a time but again you have to call your servicer who is the company that you write your checks to and request forbearance now the difference between winning may Freddie Mac and FHA the FHA has stated after the twelve months worth of forbearance they will allow you to allow farmers to add a second loan with zero percent interest on the backs all the missed payment you made for the six or twelve months there will be a subordinate loan added at zero percent interest that no penalty to the borrower that will be paid off when you either refinance or sell your home the T. and there hasn't been any rules released yet for VA loans Ross I would I I would you'd you know share that with you listen it's a constantly moving thing right now and we're trying to stay ahead of it the best we can why are they offering forbearance for six to twelve months is that an indication about how long they think this may last sort of a hedge what will it be pretty macros of Fannie Mae and Freddie Mac is already have forty wrote written rules for their servicers to offer up to twelve months which means you know what they know okay that is it's going to be this is war I'm not trying to freak your listeners out but I I survived nine eleven I survived oh wait and I'm telling you right now eight we had what may be seven to eight hundred thousand people unemployed which was a huge hit to the economy you're you're talking twelve fifteen twenty times that number so what Fannie Mae Freddie Mac FHA are doing is trying to get ahead of it so you don't have bar were standing around the corner at the gymnasium is trying to do loan modifications like they did in a weight which is a complete

P. P.
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
A guide to surviving financially as the bills come due

AP News Radio

00:55 sec | 4 months ago

A guide to surviving financially as the bills come due

"With April first upon us there are bills due this week and millions of Americans who no longer have a job for a paycheck the Associated Press is compiled some tips to help the first thing to do is to reach out and notify a mortgage lender student loan servicer or utility provider that you need relief and see what they offer foreclosures have been suspended for FHA mortgages and those backed by Fannie Mae or Freddie Mac gas electric and other utility providers often have assistance programs for cobra allows laid off workers to keep health insurance although there is a large out of pocket expense some states are allowing new enrollments in insurance exchanges to those who have lost their coverage and for those struggling to pay credit cards auto loans and other consumer debt reach out to your lender federal regulators have instructed them to work with borrowers impacted by the virus I'm Jackie Quinn

Associated Press Fannie Mae Jackie Quinn FHA Freddie Mac
"freddie mac" Discussed on 760 KFMB Radio

760 KFMB Radio

05:59 min | 8 months ago

"freddie mac" Discussed on 760 KFMB Radio

"Half an hour the big first step being taken to privatize Fannie Mae and Freddie Mac even back to you thanks two thousand nineteen is wrapping up with the bank for many reasons of course but for the real estate industry it marks the debut of one of the biggest events ever any ours twenty twenty real estate forecast summit a gathering of world class economists real towards an industry experts a look ahead an examination of the challenges solutions and trends that could affect everyone involved in buying selling investing and owning real estate as the summit got under way I spoke with any our CEO Bob Goldberg about this brand new hallmark of real estate in America and how it brings together property ownership in all the factors that affect it my question to Bob how is real estate in America doing right now as we approach the new year and a new decade we see a very positive outlook that's going to happen again and house of the biggest challenge we all have been is inventory we need more places for people to be able to call home so there is someone of a shortage of housing and that's always a challenge which is yeah people stay put longer they tend to look at you know is younger generation of millennials which has been a challenge for young folks trying to buy their first home now why is that college debt has settled people left and right affordable housing which to me is the first and foremost thing that we in this country have to address that doesn't mean just lower prices or having housing that hits a certain type of economic range is being able to have enough inventory to be able to accommodate the needs of families weather's young folks retirees that middle part of the demographics that there's opportunities to obtain housing without there being a burial Ferrier financially of Berrier in not knowing if there's going to be enough homes to be able to compare that applies to rental that applies to commercial yeah so giving people lots of choices at affordable pricing ranges is a up most requirement there are challenges as you said affordability the lack of homes for sale there just aren't enough houses for all the buyers out there but at least interest rates are low their historic lows you know when we were growing up our parents or grandparents have rates that we said we will never see it yet and boy how lucky they were and when I bought my first home back in the early eighties I had sixteen percent interest rate and three and a half points which is just incredible and they kept dropping it dropping and dropping you know you find rates well under you know five four to half percent for condos for single family homes for refinancing incredible opportunities so that has generated lots of interesting opportunity but you've got to have the places on the homes in the dwellings to make that happen so I know that in the big economic summit the biggest push of all is the one for solutions how do we solve the problem the Ford ability how do we solve the problem of inventory and how we solve the problem in homeownership gaps in some parts of society that can't afford a home what do you do about that well I think it all comes down to one basic tenet you know what to realtors stand for what does the national association of realtors and our members what's the most important thing we need to focus on and that is fair house because if you make sure that everything is fair and open to everyone which is what we a spouse that's part of our code of ethics we just celebrated a year plus you know the fiftieth anniversary of fair housing we have been a stalwart working within our industry and outside industry groups and multi cultural groups about the importance of what for housing rent so you got to have that as your baseline starting point we talked about affordable housing how do you have enough housing and different some people don't want to buy a home some people want to read because I want to be mobile you've got to be able to accommodate all situations and all places and I think the way you do that is continually put our consumers first in everything that we do that's why we're here we're here as an industry to serve consumers we also have to educate our members we have to educate consumers about what they need to look for how they get involved in their communities how to get involved especially in terms of legislative or regulatory issues that may impact them in their housing in their local communities how that may play up to a state level and certainly any are and all the allies that we work with on the federal level of federal let legislation what's going on with tax policy what's going on with mortgage interest deduction was going in terms of capital gains exclusions all the different as flood insurance yeah we're the voice for consumers when it comes to real estate that's an imperative also you have someone is fighting on behalf of property owners in this country that says we have to make it so that we do de regulate or the bottle neck may be the better work things that impede development of helping for building communities to help our consumers be able to have an opportunity to bring you and raise their families that's the kind of thing that we need to continue to focus on well Bob as we enter a new year and a new decade I thank you for being with us today and the best of luck to you too everyone of our members and to every homeowner and property owner across America in the coming years thank you so much David enjoy the time you very well.

Fannie Mae Freddie Mac
"freddie mac" Discussed on 77WABC Radio

77WABC Radio

06:26 min | 8 months ago

"freddie mac" Discussed on 77WABC Radio

"Fannie Mae and Freddie Mac Stephen back to you thanks two thousand nineteen is wrapping up with the bank for many reasons of course but for the real estate industry it marks the debut of one of the biggest events ever any ours twenty twenty real estate forecast summit a gathering of world class economists real Taurus and industry experts a look ahead an examination of the challenges solutions and trends that could affect everyone involved in buying selling investing and owning real estate as the summit got under way I spoke with any our CEO Bob Goldberg about this brand new hallmark of real estate in America and how it brings together property ownership in all the factors that affect it my question to Bob how is real estate in America doing right now as we approach the new year and a new decade we see a very positive outlook that's going to happen again and housing the biggest challenge we all have is inventory we need more places for people to be able to call home so there is someone of a shortage of housing and that's always a challenge which is yeah people stay put longer they tend to look at you know a younger generation of millennials which has been a challenge for young folks trying to buy their first home now why is that college debt his saddle people left and right affordable housing which to me is the first and foremost thing that we in this country have to address that doesn't mean just lower prices or having housing that hits a certain type of economic range is being able to have enough inventory to be able to accommodate the needs of families weather's young focus retirees that middle part of the demographics that there's opportunities to obtain housing without there being a burial Berrier financially of Berrier in not knowing if there's going to be enough homes to be able to compare that applies to rental that applies to commercial yeah so give me people lots of choices at affordable pricing ranges is a up most requirement there are challenges as you said affordability the lack of homes for sale there just aren't enough houses for all the buyers out there but at least interest rates are low yeah their historic close you know when we were growing up our parents or grandparents had rates that we said we will never see it yet and boy how lucky they were and when I bought my first home back in the early eighties I had sixteen percent interest rate and three and a half points which is just incredible and it kept dropping it dropping dropping yeah you find rates well under you know five four to half percent for condos for single family homes for refinancing incredible opportunities so that has generated lots of interesting opportunity but you got to have the places in the homes in the dwellings to make it happen so I know that in the big economic summit the biggest push of all is the one for solutions how do we solve the problem Ford ability how do we solve the problem of inventory and how we solve the problem in homeownership gaps some parts of society that can't afford a home what do you do about that well I think it all comes down to one basic tenet you know what to realtors stand for what does the national association of realtors and our members was the most important thing we need to focus on and that is fair housing because if you make sure that everything is fair and open to everyone which is what we a spouse that's part of our code of ethics we just celebrated a year plus you know the fiftieth anniversary of fair housing we have been a stalwart working within our industry and outside industry groups and multi cultural groups about the importance of what for housing rent so you got to have that as your baseline starting point we talked about affordable housing how do you have enough housing in different some people don't want to buy a home some people want to read because I want to be mobile you've got to be able to accommodate all situations and all places and I think the way you do that is continually put our consumers first in everything that we do that's why we're here we're here as an industry to serve consumers we also have to educate our members we have to educate consumers about what they need to look for how they get involved in their communities how to get involved especially in terms of legislative or regulatory issues that may impact them in their housing in their local communities how that may play up to a state level and certainly in the are in all the allies that we work with on the federal level if federal let legislation what's going on with tax policy was going on with mortgage interest deduction was going in terms of capital gains exclusions all the different as flood insurance yeah we're the voice for consumers when it comes to real estate that's an imperative also you have someone who's fighting on behalf of property owners in this country that says we have to make it so that we do de regulate or the bottle neck may be the better work things that impede development of helping for building communities to help our consumers be able to have an opportune to breed and raise their families that's the kind of thing that we need to continue to focus on well Bob as we enter a new year and a new decade I thank you for being with us today and the best of luck to you too everyone of our members and to every homeowner and property owner across America in the coming years thank you so much they've been enjoyed the time they're very well I just Bob Goldberg the CEO of the national association of realtors I will have much more from any ours twenty twenty real estate forecast some throughout today show coming up on real estate today what's your home sellers expect in the new year the demand is high the supply is low but that still doesn't mean that you can price it out of control let's say based on that people are.

Fannie Mae Freddie Mac Stephen
"freddie mac" Discussed on WSJ What's News

WSJ What's News

02:06 min | 11 months ago

"freddie mac" Discussed on WSJ What's News

"And quote facebook declined to comment and google said it was cooperating with the inquiries quarries do now our main story this morning. The trump administration administration said it would support returning the mortgage lenders fannie mae and freddie mac to private hands. It's a major reversal from what leaders of both parties have been promising that was to abolish polish both the companies. Here's a stat for you fannie and freddie guarantee roughly half of the u._s. Mortgage market charlie turner has been finding out more about the shift aft from andrew ackerman andrew. What is the government's rationale for the process to eventually return fannie mae and freddie mac to private ownership is really two fold. The the first is that when the government put fannie freddie into conservative ship eleven years ago it was supposed to be temporary and they really are serious about finally ending that a lot of people have tried. Everyone's failed to end the conservative. They wanna give it another go. The second reason i guesses more ideological where the administration believes pretty strongly that the government should not play a central role in housing which touches on a huge portion of the economy about fifteen percent of the economy so from what i understand the proposal recommends that federal regulators developed plans to privatize both both mortgage finance giants a plan to develop a plan yeah that seems to be the direction we're headed in is they're not taking positions on specific issues issues like what to do with the government stakes <hes> in these companies but they are sort of saying hey f._h._a. Which regulates fannie and freddie you you guys should develop <hes> capitalization structure. They need capital to be able to stand on their own eventually. They're also saying hey why don't you look at what types of activities maybe we should consider curtailing fannie and freddie i a lot of loans conservative basically questioned why they buy some of along that they'd buy including.

fannie mae fannie freddie freddie mac fannie freddie facebook google andrew ackerman charlie turner fifteen percent eleven years
"freddie mac" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:49 min | 1 year ago

"freddie mac" Discussed on WBZ NewsRadio 1030

"Now courting to Freddie Mac the average thirty year mortgage rate is the lowest ask the lowest level since November of twenty sixteen when you the traffic isn't bad enough a major rehab the fact is now in the hands of lawmakers would you wanted accurate gather just a few blocks from the southern border wanted planning to move ahead to authorize us to be easy Boston news radio let's head back out to the rose and check traffic and weather together the Subaru retailers of New England all wheel drive traffic on those threes David houses sunny tropical not too bad for the most part north of town for example one twenty eight as nothing happening through Wakefield and will bring in Waltham ninety threes nice and easy between Salem New Hampshire in Somerville but it may ninety five south I'm getting a little bit busier on the York tolls are on the Cape route six west bounds not bad at the Sagamore bridge scenic highway westbound has some brake lights though on the approach you around the Bourne bridge route twenty five is okay to and from the Bourne bridge route three is nothing to worry about up and down the south shore no troubles for the lower in the ninety three in one twenty eight ninety five and twenty four looking good to and from Rhode Island west of town to ninety east bound is on the brakes getting by route one ninety the off ramp to one ninety northbound is closed because of a bad crash David Struff Pelino WBZ traffic on the three and now Carabins ski has the four day WBZ accu weather forecast a cool breeze will prevail today and cloud should break for sun on a few occasions there will be showers and drizzle especially merry south of Boston hi sixty eight it'll be a bit warmer in a few northern and western suburbs and colder and the low and mid sixties near the features partly to mostly cloudy and cool tonight with patchy fog.

Freddie Mac New England Wakefield Salem New Hampshire Somerville Boston York Sagamore bridge Bourne bridge Rhode Island David Struff Pelino Carabins thirty year four day
"freddie mac" Discussed on Realty Speak

Realty Speak

02:04 min | 1 year ago

"freddie mac" Discussed on Realty Speak

"These guys that aren't monsters like portland or related we have access to the same kind of debt but those guys do and fannie and freddie have both built really excellent small balance platforms to address loans from a million to seven seven million with fanny. You can generally go lower seven hundred and fifty thousand depending on the lender. It's really lender's discretion but i want to explain a couple of differences differences. Freddie mac has a great product. They're calling it opt to go now and the credit box is kind of narrow but if you have a loan that fits in their credit fox's multifamily on that fits in their credit box and you're in a large market think l. a. new york miami portland austin market like this you will get the most competitively priced non-recourse low cost leverage in debt that anybody can get. They both very special product. You can get up to ten years fixed on a thirty around the nation. I believe now they had terms up to twenty years where there's uncast active ten years but feeny may as a really special small balanced product also and that product is most powerful in either secondary and tertiary markets where you still want to achieve full leverage and get competitive the pricing because freddie mac is less competitive in smaller markets that are leveraged comes down the rates go up their credit really moves based on market market size first and then my ridge and that sort of this coverage ratios and so on and so forth any is really almost market agnostic unless they've had some bad experiences in a market with foreclosures in which case it can become pre review but something else that fannie mae has that you don't see that most folks don't know.

Freddie mac portland fannie mae fannie fox l. a. new york austin miami ten years twenty years
"freddie mac" Discussed on Money For the Rest of Us

Money For the Rest of Us

02:24 min | 1 year ago

"freddie mac" Discussed on Money For the Rest of Us

"This is data or this background information is from a Congressional Budget Office report that came out twenty ten titled Fannie Mae, Freddie, MAC and the federal in the secondary mortgage market what Fannie Mae and Freddie MAC do as they purchase mortgages that meet certain criteria. And then they took those mortgages and package them into a pool of loans, which it's known as mortgage backed securities and they guarantee against losses from defaults on those underlying oranges. Those mortgage backed securities are sold to investors and this process is known as secure desertion. In addition what Fannie Mae and Freddie MAC do in order to access capital to to initially by these loans. They issue debt, which is known as agency securities, which are also sold to investors now up until two thousand eight these GS's were were privately owned. They had stock. Outstanding. Fact, they one very. They performed very well this talks over time. I remember remembers an institutional money manager looking at a number of active large company, stock managers and typically they would hope they would hold Ginnie Mae or Freddie MAC. Here's the thing though. Even though they were private they had this implicit federal guarantee. They played a prominent role in the mortgage market, and they could borrow at very cheap rates. They were exempt from state and local taxes. They didn't have to register their securities with the security Exchange Commission. They had a line of credit with the US treasury. And so they had these this advantage. And as a result, they could borrow very very cheaply. Then the housing crisis came and in two thousand eight. US government took over Fannie Mae. And Freddie MAC now there's also Ginnie Mae which is which is which guarantees the mortgages, FHA loans and loans.

Fannie Mae Freddie MAC Ginnie Mae Freddie US MAC Congressional Budget Office security Exchange Commission
"freddie mac" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:29 min | 1 year ago

"freddie mac" Discussed on Bloomberg Radio New York

"He helps people understand the complexities of housing and the mortgage market. Let's talk a little bit about how Freddie MAC and the other government sponsored enterprises have changed post crisis. What what do you see the biggest changes at Bernie MAC have been? Yeah. So I think, you know, starting back at the tenure of our currency. Oh, Don late, and when he had come in around two thousand eleven or so I think he really brought a real focus on culture of the institution of Freddie, MAC, and how we have a commercial minded, focus. He had come from chase and J P Morgan and EBay, and so he brought a real commercial mindedness to the enterprise and a real focus on. Being an efficient organization have an organization that was focused on customer with an eye to potentially in some future stake perhaps being more competitive than maybe we had been in the past. And so that really took some time to really get that going, but I've really seen that go through the organization and really think about that in my work. I try to bring you know, the economics to either help our business partners internally or help folks externally and really have that kind of a I think a real customer focus, which was I think a real focus and direction there that we certainly had but it wasn't at the top. And that I think really brought itself down and really got folks really focusing on. How can we be efficient? How can we help make this, Freddie, MAC better while we are continuing to evolve as I mentioned, we talked about the risk transfer and other innovative things that are going on as the market short of continues to change. You referenced the conservatives ship, which took place before you joined since. That took place. Freddie MAC has returned one hundred twelve billion dollars back to tax payers sixty percent more than they received during the crisis. Is Freddie MAC a giant cash cow. That sounds like that's a lot of money. That is a lot of money. I mean, part of the thing that was interesting coming to Freddie, MAC from an economic is the scale, Freddie, MAC, as you know, I think over just over two trillion dollars in our guarantee folio, that's mortgages that are in our security's a couple of trillion more, and you'll be up to black rock and vanguard levels. There's a lot of zeros and it's one in five roughly one in five home loans in the country. I mean, it's just a huge scale. But a lot of sort of the, you know, one in five home loans in the country. That's an amazing number. Yeah. I mean, it's just we have thousands of services who deliver loans to us misses a huge operation on very very large scale, which is some of the power of curation and the ability to tap global capital markets, which ultimately leads benefits for borrowers, the thirty year fixed rate mortgage and lower rates, which are going to be a continued focus given sort of the markets has seen interest rates drift higher over the last year. So I mentioned previously you put up this lovely chart on Twitter about mortgage rates are now back to levels not seen since two thousand eleven but really by any traditional measure of mortgage rates the cost of borrowing to buy a house is still relatively inexpensive. Isn't it? It is from a historical perspective. We mentioned we work on what we call the primary mortgage market surveys. Our weekly mortgage rate survey that attracts, you know, what's the thirty year fixed rate mortgage on average across the country doing since seventy one approximately what is a mortgage rate for the typical thirty year fix these days. It's around four seventy five or four point seven five still under five percent. Now, I recall back in the two thousands. When mortgage rates broke five percents of the downside, people were like, oh my goodness. This is incredibly inexpensive. Have we just gotten spoilt? How we've benefited I think from low mortgage interest rates, but one of the challenges is as you know, you think about where the marketplaces today. A lot of buyers showing up for first time buyers were in high school or college when they don't remember for them, you know, mortgage even a four percent is relatively high and with five, you know, we I mentioned we work on the survey. You know, we have some staff that help us junior staff at a relatively young. I'm afraid we're going to get a five percent mortgage rate. We may have. And they're gonna ask me is this some data is this even possible. And so yes from historic perspective long run rates are very low. But in the relative to recent years a little bit higher. So that raises the question how high can reach tick up before it begins to crimp the entire housing market, which is one of the biggest sectors in the economy. We have been seeing home sales, for example increase year after year we had the best year in a decade in two thousand seventeen. And when we started the year, we were forecasting to see a modest increase in overall home sales in twenty eighteen rates rose, and that has I think cooled activity a little bit definitely there are some momentum. Stalled a little bit in the summer of two thousand eighteen I think a lot of that had to do with the impact of rates because the broader economy is doing very well. Employment market is very good. Lot of job growth Racine. Incomes pickup. Confidence is high. The real two things are impeding sort of the housing market. It's high home prices, and then high interest rates which both make it difficult for potential buyers coming up we continue our conversation with Freddie, MAC deputy.

Freddie MAC Freddie MAC Bernie MAC Don late Twitter Racine EBay J P Morgan thirty year five percent one hundred twelve billion dol two trillion dollars sixty percent four percent
"freddie mac" Discussed on KGO 810

KGO 810

08:00 min | 2 years ago

"freddie mac" Discussed on KGO 810

"Click on the Email decks of the bald spot and shoot me over an Email. The contact us link is right there as well. We weren't gonna have our good friend. Jordan Goodman, national calmness. Come on. And. Share some of his thoughts. But I guess we're having some technical week. It's technical week things work things don't work now. They're working are they working? They're working. Okay. Let me keep talking keep rambling. All right. So I guess Jordan. Are you what? I would you Greg. All right. Well, thanks for making the time. And and and obviously the patience of the technical side. How do we do this years ago that all this technology? I think the wires between two cans of a camp used to do. So kids are kids are back in school. And I know we when we talked earlier. Student loan debt. Everything that's going on student wise is is is once you fill us in on what's happening with the the federal loan is stuff that's going on. So we have one point five trillion with a t one point five trillion in student on debt outstanding. It's rising at the fastest pace of any setup. Standing each time of a graduation season. We add about one hundred billion in new debt to the pile on top of writing. It's just staggering the average person's graduating with about thirty nine thousand in student on average and a lot of people way more than that fifty thousand one hundred thousand more undergraduate, and then if you had graduate school law school Bigalow school dental school medical school, you two three four hundred thousand on top of just staggering. And and that's the load for this generation. It's changing the way the world is working because they've got that much student loan debt, even if they can service it I don't have enough money to rent an apartment or by car to start a family or kind of get on with their lives. So that's why people are waiting to mid to late thirties to buy homes because huge amount of student loan debt off there, you know, yesterday. I had. A a continuing. Ed course, a class for my mortgage licensing is, you know, I'm a mortgage broker as well. And have those I have to have those licenses and some of the new things that are coming out by Fannie Mae. And Freddie MAC is they're going to start counting or county. Student loan debt a little bit differently as opposed to how it used to be counted in the old days. I, you know, it's like are they trying to figure out how to make Lindi more more tractable, or is it a function that they're going to have to change the guidelines for so that they can keep the the real estate they Konami moving at some level. Do they see this as a huge boulder? That's getting in the way of everything. It is it is. Well, I mean, I think that's a smart thing to do. Because people coming into the real estate market was first time homebuyers with way way more depth than they ever did in previous generations. And most of it is student loan debt. Just a major of the beast. I think some people should not be buying homes. I mean, particularly in California browser high priced and with interest rates today down payments. I think it's beyond people's reach reaches. I got huge about student loan. They should wait. It should get in over their head. So I hope that the lending criteria are not loosened too much because I was going to get people into trouble all over again. Well, it's one of those Dan those natural pendulums, right? You know, when we have elected officials who over-regulate in view mirror if you will. That's my observation from it. You can't fix what's already happened. So then they create roadblocks trying to say that they've fixed the issue, but have they really fixed? The the issue that self so here we are ten years from the financial crisis. Correct. And lending was far too loose. I agree far to lose two thousand five to two thousand eight there about people were able to get mortgages that should not have been getting mortgages, minimal or no down payments liar loans. All those kind of things that was ridiculous. But I think it's gone too far the other direction, you're right. With the dog Franken other rules. It's twenty percent down more seven hundred credit score higher. Well, that's all wonderful. But a lot of average people perfectly good hard-working income generating tax paying people not able to get that these days, and therefore they're kinda priced out of the having around the country, but particularly of the high tax states, like California, New York and someone and the latest Greg on top of that is a change in the tax law means the after tax cost of housing has gone up dramatically because you don't get a full deduction deduction on mortgages seven hundred fifty thousand sort of a million and property taxes and state income taxes maximum combined ten thousand dollar deductions and lots of people are not gonna itemized deductions that they didn't have passed because of the standard deduction is twenty four thousand. So that's changed the economics of how's it going to major way as well this year? Right, right. But the essence of housing is. A roof over one's head. And if you own it, eventually, it does make sense. But you're right. Just gonna come back down to that that balance. I will I will say that what part of the conversation in this, Costco. They tried to make it as interactive as possible, you we are starting to see those liar loans. So stated income stated assets, no income, no asset. Yo that's that's starting to come back. Why is it coming back because it's traits have gone back up to a point where based on the premium? It's worth it for price of other private banks out there to have those portfolio loans to get a little bit more import folio a better yield on it. And then go from there. So that that's interesting, but Drake, we're ten years later and here again, we're we're starting to see it again. But now the difference between this time last time. It was last time all those liar realms will really put into mortgage backed securities and sold off to investors. And that's what got Bear Stearns, and ultimately Lehman Brothers, and they I g and Merrill, Lynch and all these places in trouble. Because when the default started happening the mortgage backed securities started taking a huge fan, Freddie MAC because they were guarantors, correct. I don't think that's happening is much today. I think fairly and spreading have higher standards, and they're not going to buy liar loans. I think you're right. I don't have to hold it with portfolio, but it's not being spread throughout the entire world central system ten years ago. Well, again, it can make sense on the right person. Again, it keeps going back down to how it was, you know, pre pre recession people if there's no what they're doing one of investment, a may turn out to be okay with it again. Is it a short term temporary bridge so on and so forth. You know, again, but we weren't here to talk to the barretts of real estate lending. We wanted to talk about federal back to students. So what's what's going on in the arena? So let's let's do some things going to help people Greg because we understand this is the problem here is the amount of debt people have. So the first thing that they can do is consolidated say they have a whole bunch of federal loans at bunch of different interest rates that they took out over several years. They can consolidate that all into one loan at a lower interest rate and have one. So that'll help some seriously as far as convenience and also saving on some interest little bits. There's a website that can help them do that, which is consolidate college dot com, it's gonna be kinda complicated to go through that process. So that's the first thing they can do the second thing they can do a lot of people don't realize as possible Greg is they can refinance their student loans and combine federal loans and private loans because of people take private logo on top of the federal loans into one new loan at a much lower interest rate typically two to three percents as he has a straight. That's available..

Greg Jordan Goodman Freddie MAC California Fannie Mae Bigalow school Costco Lindi Konami Franken Lehman Brothers Drake Bear Stearns
"freddie mac" Discussed on WCBM 680 AM

WCBM 680 AM

04:06 min | 2 years ago

"freddie mac" Discussed on WCBM 680 AM

"And and a lot of people are unaware, and it would be another point linkages, plus they're unaware of how much damage Fannie Mae. And Freddie, MAC did they pointed the banks we epicenter of the mortgage mess was created by the government agencies Fannie Mae, and Freddie MAC, but having said that, but then that was at the time that I cited earlier when the Democrats took over the house and Senate in two thousand and seven that's when that pretty much hit the ground running fan. Fannie, and Freddie, am I wrong on that? If I'm wrong, tell me. No, you're not. And in fact, simple facts, those stocks Fannie Mae, and Freddie MAC trading at sixty seventy dollars a share a lot of Democrats don't like to notice the executives were making ten million plus a year. And this FOX went down to thirty cents a share. There's still a few dollars a share. They still haven't recovered, whereas all the other banks have obviously recovery tremendously. But what I'm getting at gross. After help out particularly like, the former goal the gross domestic product for eight years GDP in this country under Obama averaged approximately two percent, okay. That is not good, especially after a harbor recovery. Four percents quarters. See capital expenditures at record levels that we haven't seen in a long time. You're seeing business confidence repairing record levels that we haven't seen in many many many years. So when he reduced the corporate tax rate, it opened the floodgates consumer confidence is increased business confidence has increased. Businesses are reinvesting money. The whole environment change businesses were being strangled and over-regulated who's constantly constantly being fucked about on CNBC and some of the financial channels unless these people are listening, but the point is. Trump has done a tremendous thing physically rock country. And there's a reason why the stock market's gone up twenty five percent thirty percent since she's since he won office, and the simple facts are she as much as I said before capital expenditures are up consumer confidence up business spending is up. Correct. Tell you you know, that the people like Tony last call. I'm sure he's a nice guy to have a beer with. But they just don't like Trump and a few others who have called in from WABC to. They just was Dave fill as few. They just don't like Trump. So they they will not listen to you. You're a wealth of information, obviously, better versed on on the stock market than I they won't even listen to an experts such as yourself. They don't want to hear it. They wanna listen to what's on MSN. Hey, let me ask you Ted. Maybe you can help me out a lot of people have trouble with this. We see the GDP at four point two. How come they constantly just that? And it fluctuates, you know, the three eight four one four zero how come constantly adjust that always? Excuse me. Then they I guess a few months later or a month later more facts figures, they kind of revise it. And that's been going on forever. I don't really have the right answer other than maybe it takes a little longer to get the exact number down. But it's a good question because it confuses a lot of people like GDP's four point two, then they'll adjust it and it'll go higher or lower. It usually goes lower after the adjusted, and it's always like, well why isn't it? When those numbers come in aren't they the numbers, and I just I know a lot of people have asked me about that. And it confuses a lot of people then then people use it for political ammunition. Ted and they say, oh, it's not that. It was a it was a Justin and went down a tenth of a point. But still we're in four we even with adjustments. We're in the four point zero range, which as Obama said you need a magic wand to get those jobs to come back to get the GDP up that high. So hey, Ted. I gotta run. But I appreciate your call. And you are a wealth of information. Let's get to. Line seven ks F O, Sean, welcome to the Savage Nation. Thanks for taking my car. I want to say. Stephon about economics in being. Vote for Trump..

Trump Fannie Mae Ted Freddie MAC Obama Freddie Fannie Senate MAC Tony WABC CNBC FOX Stephon Dave Sean
"freddie mac" Discussed on WDRC

WDRC

02:14 min | 2 years ago

"freddie mac" Discussed on WDRC

"Happens to ordinary people who were homeowners and lose their homes and all home prices decline as a result of this and people are much poorer because they assumed that their home was going to be worth more than it does some of this comeback. Dr to the idea that. I hate saying I'll just say it bluntly that people have become less responsible for things. I mean, I know parents who would have done anything they've starved the family of necessary to make that payment that they agreed to make. But when you set a condition where you didn't put much money into the house. So you don't have much equity in it. And then economic circumstances change sometimes without your control rather than say, we're going to buckle down and make sure we make the payment we agreed to you say cash, we've only got five thousand equity in that house the payments over the next two months are going to cost us five thousand let's just walk away and hand the keys back to the Bank. So there's a human element to this as well on top of all the government policies that say even this if this was done all by the private sector by the banks and not by FHA or Fannie Mae or Freddie MAC the government would still right rules alike. The community reinvestment act, I'd say to the banks your private institutions, but you will loan. Two people in neighborhoods where an awful lot of those loans are going to be junk just like the junk that was at the bottom of that giant pile that fell down in. Oh, wait. So even if we got the government out of FHA Fannie Mae, Freddie, MAC and all the rest of those the government would still right rules telling the private institutions to behave irresponsibly. And then they sell homes to people who honestly would say, I'm gonna behavior responsibly. If my house is worth less than what I o on it. I'm better off just walking away, which is a rational economic decision to make. But it's not a rational moral decision to say, I agreed to pay and I'm just gonna walk away from my obligation. How do we solve that? Well, I think actually at the root of all of this is not the responsible irresponsibility of people and human beings. It's the irresponsibility of the government because the whole.

Fannie Mae Bank Freddie MAC Freddie FHA MAC two months
"freddie mac" Discussed on Reveal

Reveal

02:27 min | 2 years ago

"freddie mac" Discussed on Reveal

"Applications loans made and denials for each race ethnicity so if you want to see how well bank of america's doing or wells fargo or j p morgan chase how well they behave in terms of lending the people of color or not you can go to the map at app dot reveal news dot org slash redlining again that's app dot reveal news dot org slash redlining on our show bank said they didn't discriminate against people of color they said that they base the decisions on credit scores not race so we got a lot of questions about credit scores like this one from liz morgan and interior designer in portland oregon could decide how credit scores work and why aren't we changing the way they work you know is this is a question that really interested us why do we use this old credit scoring model if it turns out that it has such big problems and the answer turns out to be that ninety percent of conventional loans are purchased by these two government created mortgage companies fannie mae and freddie mac and these companies are insisting on using this outdated credit scoring model that there's a broad consensus that it hurts people of color let's down a little bit on the credit score a brandon blog he's a freelance journalist in baltimore had a great question about it with fed on the show that there are ways in which a credit score the way a credit score is designed can have a discriminatory effect on someone and i was wondering how exactly that works so this is an excellent question back when the credit score system was created decades ago it was actually created to solve the whole problem of discrimination because there were lots of loan originators mortgage brokers who would just turn people away because of the color of their skin and there was a movement that said if we create an algorithm that you've put all somebody's financial profile into computer then that computer algorithm won't be racist the problem is that the algorithm that we ended up with has some documented racial impacts there are a lot of things that don't get counted like rent for example or payday loans so people of color are targeted for payday loans and these payday loans only report if you miss a payment they don't report if.

liz morgan oregon baltimore bank of america portland fannie mae freddie mac brandon ninety percent
"freddie mac" Discussed on KMET 1490-AM

KMET 1490-AM

01:53 min | 2 years ago

"freddie mac" Discussed on KMET 1490-AM

"Might be helping those particular borrowers who may not be w two wage earners there are non products out there is everybody knows non qualified mortgages nonqualified mortgages qualified mortgages something that is purchased by fannie mae freddie mac and those particular loans which which carry with them most of the time insurance are are obviously safer products for fannie mae and freddie mac but there are companies out there who will buy on the secondary market these non cwm loans so there is a supply of money to be able to do that and because we have a shrinking loan pool i e because rates are going up guess what refinances are going down so there's more and more competition for loans out there that's why you're seeing an expanse of loan products and i think clark's gonna speak to that also on the show today we're gonna talk to john venus who has a great concert coming up a three day festival in las vegas nevada it is the summer and we're gonna try to talk to him a little bit about what he's bringing to the marketplace there and his background in concert promotion and stuff like that some of the fun things that are available in the summertime look this is what we do in the summer and southern california certainly in nevada there's a lot of outdoor activity a lot of things to do since last year's concert where we have the massive shooting i wanted to talk to him a little bit about the the security and how they're dealing with that from a concert promoters standpoint and how relevant that is to people who will buy or sell tickets to the event obviously it's very important security wise and we want to make sure that everybody who is attending any of these things is well aware of what the security measures are in and obviously what the concert promoters do what they think and how they think about the actual events but i want to get the slate of his bands and who's actually attending when you're looking to get alone you may go to the internet and on the internet there are.

fannie mae freddie mac clark las vegas california john venus nevada three day
"freddie mac" Discussed on Newsradio 970 WFLA

Newsradio 970 WFLA

01:51 min | 2 years ago

"freddie mac" Discussed on Newsradio 970 WFLA

"To us and we service your loan we are actually securitising the loan in the background with fannie mae or freddie mac and so to find out if fannie or freddie own your loan there is a look up tool on the internet and so if you go into google and you type in does fannie mae own my loan or does pretty mac on my loan it'll ask you for your address the last four your social security number some other information it we'll tell you yes or no if you get a yes or either one of those you now can do harp theoretically at the other thing is you have to have had your mortgage since back in two thousand things like june two thousand nine that website will give you the exact date so a lot of people have already taken advantage of harp or people who refinanced after two thousand nine no longer can take advantage of harp but they we don't need to because if you bought your home after two thousand nine you should have equity because we didn't see home prices go down we've seen the opposite we've seen home prices go up since then so the the real key to harp is that you don't need a new appraisal in most cases and even if you do need a new appraisal it doesn't really matter what it comes in at because we can loan you way above the appraised value when it comes to a heart bloom so harp is purely there for people who have fannie mayor freddie mac loans they've had them since pre two thousand nine and they still do not have equity in their home to take advantage of a refinance now we offer harp loans here dr p funding on both fannie mae and freddie mac loans because we're a direct seller servicer with fannie and freddie are the next thing is when you do a heart blown with our p funding i'm paying all the closing costs right now so this was unique a lot of banks looked at harp as a way to make extra prophets and take advantage of their clients and so on their harp loans they charged all these extra fees and acceded seminars on this at some of the.

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"freddie mac" Discussed on KQED Radio

KQED Radio

02:13 min | 2 years ago

"freddie mac" Discussed on KQED Radio

"Lawyers i scheme flew process to continue so the balmy speaking so it's going gonna be hard before my uh uh there was opposed to emu levy or potential moore's on a home 2004 closer to the political late last year two thousand sixteen there were fifteen people have lost their homes every day uh two thousand seventeen he was off to seventeen every they so now no i don't know what's going to happen so war with drains do is to see if we can get uh the exchange dealing with a moratorium fha finding me i'm freddie mac became same two plus month we felt any law whatsoever and also we're hoping that there is on local law that we start i'm more that's all you for all banks uh for the twelve month and you know that people recover them themselves now during does during a moratorium on for closures are people still racking up dead are they missing payments or in some cases have the the payments themselves been suspended younger prominent more or combined let me give you the free monka monitoring or or for bearing on a payment break and then they ask for their hold three months of one lump sum pure recurring month andy rules for each bank big change we'll have a you know like i uniform if you on these i wonder if he could talk about the potential impact on puerto rican banks obviously there some big multinational banks that are involved in you mentioned and s ha loans that small dank that navy can't afford to cut their losses here i imagined they are deposits are down as she where people are working and saving gus drew bordering garvao mortgages oskoui be very recession bangs have sold tweet investors seventy percent of their phones for you they would not uh hifi great harm off hobby and uh a few months off people not pain and they'll tokyo's you you coordinate elite legal aid clinic.

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"freddie mac" Discussed on Intercepted with Jeremy Scahill

Intercepted with Jeremy Scahill

02:02 min | 2 years ago

"freddie mac" Discussed on Intercepted with Jeremy Scahill

"Mama to sell all of their their holdings in fannie mae and freddie mac and hey i g the us economy would have gone down what would it look like if we were to radically reorganize us society under a philosophy or an ideology rooted in marxism or the social good was actually up a priority in this country rather than sort of every one fend for themselves what would that mean in a country as big as populated as as the united states by put it sort of for crudely i think the future of the us insofar as it has a radical future lies more with some soared of what i would call them as nonideological anna ksm i don't think that it's ready for the kind of collective endeavor that would really be required to confront till the power of veto the federal reserve and find an alternative either figures right eddie for thinking about a mass movement of some kind what will actually started the redefine how the economy works i think if there's going to be any real kind of left it's gonna be a kinda socialist a anarchists kind of left politics it will emerge which has an awesome of many redeeming features i'm coming out of the marxist history was supposed to be very hostile isn't but i know greater appreciation for the anna kiss tradition iit was an ideological area of overlap there that has something which will be distinctive uh two were us history and culture and i think we have to recognize the significance and importance of that history there is no plausible path to that short of a complete collapse of the capitalist state in the united states imai wrong one now i i think that one of the things that is going on our.

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"freddie mac" Discussed on WDRC

WDRC

01:48 min | 2 years ago

"freddie mac" Discussed on WDRC

"Will do whatever they can to bake as much as they can uh and they have no mercy are on the rent or and had to them fortunate situation but uh i would warn you to stop treating you rent there is a little banner if you're not treating them uh with the most of respect and reason is because they'll find ways to not pay you if you do have a gil reveal relationship by calling the board of health and that's when the problems real start when they start telling the other ten it's about the fact that they have bogged that no one's ever seen but they're they're missed directly there uh supposedly they are there but you never see him but that's what they do they're called the building inspected of called the board of health in the make your life miserable sell uh and then they'll stop all pay the rent which is beneficial to them because it never to believe when they come from my mortgage without interested in the bugs were not interested in ill whenever they problems are uh we're interested in the fact that we can't get twelve months cancelled checks uh consecutively showing that they pay the rent because the excuses in gonna matter so when you decide to stop make renters would you stopped making payments to the land i win you about the fact that when you go for a mortgage no matter what you reason why you could have court documents that the matter once that credit report shows that dole a payment there is no exception that i can assure you especially with freddie mac advani may uh in the pain they will be in in the next couple of years due to the fact that he uh million properties did the united states of america will be foreclosed on didn't happen the first time in two thousand eight because they had a little bit of mercy and they have the government came in and came up with all these uh reasons why giving you can't while close on someone uh in that is okay that was fine because a banks were being just relentless are and you know doing whenever they wanted to do how do i explain it you ever see him put down.

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"freddie mac" Discussed on KMET 1490-AM

KMET 1490-AM

01:30 min | 3 years ago

"freddie mac" Discussed on KMET 1490-AM

"In two thousand seventeen in two thousand and seven yes up to two thousand in ten both of those large entities kept drawing down in their lines because that's what was needed in order to keep liquidity in the market liquidity is money money to lend to the next guy who needs alone in order to keep the entire process moving so let's move forward to two thousand and seventeen today what's happening in today's market and what's happening with the money that was lent out and in those times well we've got a situation whereby both freddie mac and fannie mae are according to this article cash cows for the treasury department now what do i mean by that well the original hundred and fifty nine in the one on one of the c one of five were repaid back in two thousand twelve so for five years what happens to the money the fannie mae and freddie mac has been making they've been making a lot of money will the treasury used to take a dividend like their shareholders fanny in freddie your publicly owned companies those publicly owned companies pay out dividends and they pay out dividends to their shareholders to their stockholders well the treasury was one of the shareholders and they were getting dividends what happened in two thousand twelve is that they were so a little known adjustment to what the payments were going to be instead of getting a dividend payment they did it net profits sweep now doesn't that sound sweep would you like to.

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