Nearly ten years ago, the collapse of the sub-prime mortgage market sent the U.S. economy into a tailspin. As housing prices dropped and unemployment climbed, vulnerable households found themselves unable to refinance the mortgages they borrowed under better economic circumstances. Struggling to meet ever-increasing monthly payments, more and more homeowners defaulted on their mortgages.Read More
An Alternative To Traditional Real Estate Investing
The three biggest players in the mortgage industry — the Federal Housing Administration (FHA) and the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac — have engaged in a battle of supremacy throughout the housing recovery.Read More
In 2008, as the financial crisis swirled, the federal government rushed Fannie Maeand Freddie Mac into conservatorship. The two giant mortgage-finance companies became wards of the state under a new regulator that would manage their affairs until they were healthy enough to stand on their own.Read More
Fannie Mae and Freddie Mac have signaled that they are ready to test the market for chattel loans.
The government-sponsored enterprises (GSEs) have been exploring the viability of purchasing and securitizing these loans, which are dominant financing in manufactured-home sales.Read More
Although much time and attention in Washington, D.C., has been devoted to healthcare and the budget during the past few months, another huge issue looms ahead: the fate of Fannie Mae and Freddie Mac.Read More