richard_nogginn

Fannie, Freddie and the 4.5% Mortgage Myth

My personal opinion is that all ARMs should be turned into fixed rates, and ARMs outlawed. I've seen good families torn apart when their wages didn't keep pace with the increase in rates.

Unimproved property just outside the city limits is still a good buy, although prices are still increasing.

Big Stocks Under a Buck

Diane, I'd rather they give the next 350 billion to every adult American. I promise to start spending my share immediately.

Big Stocks Under a Buck

I took a gamble and bought 1000 shares of Fannie at 0.95 a share, because I don't think either party has enough political will to lose them. They are a pretty valuable tool to use without congressional approval.

I'm waiting for IBC (Hostess/Dolly Madison) to get out of bankruptcy in February and buy their stock. I'd gamble on GM if I knew Congress was going to help them out.

Three Problems with the Fannie / Freddie Mortgage Modifications

If I were in the situation of loosing my home for whatever reason or having government assistance, I'd stay. Yeah the value might be down and yeah it will take along time to get it back, but the kids wouldn't be uprooted and I would keep the wife happy. As far a I'm concerned those intangibles are worth more than money.

I saw comments about rent. Actually we all are paying rent until we get the mortgage paid off. After the mortgage is paid the house can still be taken away in some States using eminent domain laws. I'm sure there will be some morons who will try to use 90 day delinquencies to lower their payments. I'm just as sure that in 180 days there will be a law passed making that illegal and it will be backdated till 11/11/08.

I think adjustable rate mortgages need to be scrapped and balloon payments made illegal. Both of these methods add fuel to the fire. In the 1970's all mortgages (that I knew about) were fixed 15 or 30 year rates.

Folks who have a few thousand to spare might want to go look at the houses for sale at Fannies website. You can find some pretty good bargains. Fannie has 67,000 homes to get off the books so it's sale time.

'Great' Companies That Are, Literally, Good to Go

The book good to great was published in 2001. That was before the 2002 recession, and way before the current one. I'm sure he was spot on at the time. Of course hindsight is 20/20 so after looking back some could say there were hidden problems.

Landsbanki Debt Settles at 1 Cent on the Dollar

I'm confused. What did Britain have to do with Iceland?

Is the Government's Fannie/Freddie Conservatorship Failing?

I hope you are right about FNM becoming a profit machine again. Every month I'm adding 90-100 shares.

I'm afraid that Freddie will have to get government support next month, when they are forced to sell assets like Fannie was this month.

Should I Buy Fannie or Freddie Stock Today?

I bought 1500 shares at $1.02. They way I see it, this stock has already been thrashed, and the treasury pointedly stated that they would not stop people from trading common stock. Both political parties do not want to see Fannie be nationalized, so to me it's as good as gold. I don't foresee it reaching $60/share, but it will reach $10/share...eventually...

Click here to see what mutual funds are doing with it, since they own 95% of common shares. See thebuylist.com/default...

The shortsellers are leaving it alone, because there isn't anything left to short. See www.shortsqueeze.com/?...

The stock isn't being shorted

Can the Banking System Handle Huge New Write-Downs?

A $400,000 house? Holy Cow that is $346,000 more than my small farm! In rural Kansas a home costing that much is considered a mansion. Of course the folks living in them take perfectly good pasture and turn it into acres of yard so big it takes the mowing company two days to cut it all.

Fannie and Freddie Did Not Cause This Crisis

What most people don't realize is that indebtedness is another form of slavery, because the debtor toils day and night to repay his/her debts.


On Oct 05 08:11 PM valueinvesto r888 wrote:

> As everyone casts around looking for the reasons for this crisis,
> everyone seems to ignore the fact that as a nation and on an individual
> citizen basis we are broke. Spending beyond our means for the last
> thirty years has finally caught up to us. Triggers, such as housing
> bubble, etc., are just triggers, not the root cause. Root cause
> is we are broke and deep in debt -as a nation and as consumers.

Fannie and Freddie Did Not Cause This Crisis

Confessions of an Alt-A loan recipient

In 1988 I received an Alt-A loan to purchase my first home. Although the loan was backed by Fannie, I got it through the VA. I paid $500 for closing costs, and moved in. Since then I've sold that house, bought another, and recently paid the mortgage off. So the Alt-A loans aren't all bad and many of the Alt-A's recipients are vets like me. I still believe that our country should provide low cost home mortgages to the men and women who defend us.

Fannie and Freddie: Finally a Light at the End of the Tunnel?

I'm speculating that the stock will rise to about $3.00.

The Fannie and Freddie Apocalypse Trade

I lost my shirt on Fannie and Freddies demise. I got it all back between yesterday and today.

The Fannie and Freddie Apocalypse Trade

I lost my shirt when fannie lost money. I made it all back yesterday and today. Now I'm gonna sit on the sidelines a wait a while.