Be Advised

Financials: No Sign Of Let Up From Subprime [Housing Tracker]

I am not so sure. I have been trying to find an entry level condo in southern California. Most of the inventory is bank owned. They are not listed for pennies on the dollar as some predicted. Most of the available homes have multiple offers pending and many are now selling for for more than the list price.

A clear bottom in the housing correction would do a lot to remove the fear of investing in mortgage bonds, which could lower rates, which could bolster the market, which could prevent more homeowners from going upside down, which could stem the tide of foreclosures, which could help the keep the subprime mess from spreading to conventional loans. That would be good wouldn't it?

Fannie Mae: Why the Government Must Step In

@ Those who say let them die; I say you will not be loving life after Fannie Mae and Freddie Mac are gone. In order for housing to have any value it must be able to be bought and sold. In order for housing to be bought and sold it must be able to be financed. The GSEs along with HUD are about it in terms of available mortgage money right now. HUD can't do it alone.

If you have a passing interest in a stable housing market, and therefore a stable economy, pray for Fannie Mae. I don't just mean if you own a home, even if you simply want to live in a home, pray for Fannie Mae.

If your job is in any way involved in the housing industry you should be buying FNM and FRE stock as a show of support. Don’t consider it a stock investment so much as livelihood insurance.

Bond Expert: Monday Outlook

We will not be loving life after we kill off Fannie and Freddie. Anyone with a passing interest in a stable housing market and therefore a stable economy in this country should be buying stock in these two companies just as a show of support. Don't look at it as a stock investment so much as lifestyle insurance.