Posts tagged "Freddie Mac"

How Politics And The Government Caused The Financial Crisis

How Politics And The Government Caused The Financial Crisis
As you know it’s very fashionable to lay the blame for the financial crisis on greedy Wall Streeters (especially if you are a politician or work in Hollywood or spend your days occupying something) but as I’ve pointed out in the past the government is largely to blame for the mortgage crisis. It just never... Read more »

Should The Government Be Bailing Out Underwater Homeowners?

Should The Government Be Bailing Out Underwater Homeowners?
For some time the Obama administration has been pushing a number of programs to help out homeowners whose mortgage balances are greater than the value of their homes. Recently the administration expanded a Fannie Mae/ Freddie Mac refinance program and in an effort to promote that program President Obama went to Reno, Nevada a little... Read more »

How Fannie, Freddie, And The Government Contributed To The Mortgage Crisis

How Fannie, Freddie, And The Government Contributed To The Mortgage Crisis
When Charles Ferguson accepted the academy award for Best Documentary for Inside Job he lamented in his acceptance speech about the fact “that three years after our horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail, and that’s wrong”. Well, it looks like Charles Ferguson may soon get... Read more »
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Please Gore My Ox With Higher Fannie And Freddie Fees

Please Gore My Ox With Higher Fannie And Freddie Fees
Warren Buffett got a lot of attention a while back by begging the government to raise his taxes so I thought I would go for the same publicity by begging the government to raise the guarantee fees that Fannie Mae and Freddie Mac charge on mortgages that they guarantee. The National Association of Realtors, The... Read more »

Fannie Mae And Freddie Mac Are Toast

  There has been an awful lot of discussion in the last couple of days about the fate of Fannie Mae and Freddie Mac, the government sponsored entities that have been providing liquidity to the mortgage market for decades. Thankfully, it appears more and more likely that these two black holes will be dismantled. Yesterday... Read more »

Time To Kill Fannie And Freddie?

About a week ago Barron’s ran an article on the future of Fannie Mae and Freddie Mac – you know the formerly quasi government companies that are no longer quasi because they lost so much money trying to subsidize home purchases for people who shouldn’t have been buying those homes in the first place? They... Read more »
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What Is The Best Way To Default On Your Mortgage? - Part II

I asked Doug Katz, a sales manager at Chicago Bancorp, to write a follow up article on the differing impacts of the various ways of walking away from your home and mortgage. The first article dealt with the impact of mortgage default on your credit score. In our present economy, the terms foreclosure, short sale,... Read more »

Where Is The Financial Reform Of Fannie And Freddie?

Noticeably absent from the financial reform bill passed yesterday is any reform of perhaps the biggest culprits of the mortgage crisis – Fannie Mae and Freddie Mac. The politicians have been talking about getting back the TARP funds from the banks but as far as I know they got back a nice return from all... Read more »
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    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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