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One step forward...volatility hits 401(k) plans
Just when they thought it was safe to go back in the water, many 401(k) investors who were regaining their comfort level with the stock market took another hit.
Dear Senator Reed
Good intentions - Ridiculous and pardon my language, Stupid idea.
Sincerely,
Mathews Realty Group
Senator Reed Urges FHFA to Require GSEs to Rent Foreclosed Properties
Senator Jack Reed (D-Rhode Island) has sent a letter to the director of the Federal Housing Finance Agency (FHFA) recommending the agency require Fannie Mae and Freddie Mac rent out foreclosed properties rather than immediately attempting to sell them at bargain prices.
Obama campaign to get big-screen bin Laden boost?
And it's going to be released less than a month before Election Day 2012.
The never ending saga continues for Fannie Mae and Freddie Mac! How long can we keep bailing them out? The Quote this time is: "Things will get better by 2012"? Some how, I find that hard to believe, when 7 million homes are currently in foreclosure with millions more sitting on the books of all the major financial institutions! The so called Bank Owned - "Shadow Inventory".
Mathews Realty Group
National mortgage financing company Fannie Mae ended the second quarter with a negative net worth of $5.1 billion and posted a $2.9 billion loss as more loans on its books went bad.
This is an excellent article showing the correlation between today's current mortgage rates, home prices and home ownership affordability. Not since the 1950's has buying a home been more favorable.
Mathews Realty Group
Investment Advisory Services
Self Direct Income Investment Specialists
U.S. Real Estate Market: End of an Era
Not a day goes by without some guru on CNBC complaining about how difficult it is to qualify for a mortgage these days. That is total baloney. The documentation and verification may be cumbersome, but loans have never been easier to qualify for.
We have reached the end of an era of the real estate market as we have known it. What eventually emerges from the other side is anyone's guess.
Yes it's true!! And we wonder why it took so long to raise the debt ceiling. This is perhaps the most ridiculous idea I have yet! It seems that no one ever considers the downside when they come up with these band aid fixes. Stupid!, Stupid!, Stupid!
Mathews Realty Group
Cash Flow Property Investments
Self Direct IRA/401K Purchase Plans
Bill Introduced to Support Foreclosure Rentals
The Neighborhood Preservation Act (H.R. 2636) would authorize FDIC-member banks, Fannie Mae, and Freddie Mac to enter into five-year lease agreements to rent REO properties back to the foreclosed homeowner or another individual.
News surfaced last month that the administration was considering such a policy for Fannie and Freddie. Now, Rep. Miller wants to enact it with legislation.
Just when you think the housing market may be getting better, the real facts emerge. For the past 5yrs all I have seen in the news are the so-called guru's making predictions that for the most part are really just made up stories that have no real factual basis. Buy Now! are words that, when heard, should make you run for the exit. Don't get me wrong!! The American Dream is still alive and well! Which is why - If you are thinking about buying a home, or investment property, you must first. Seek out a professional who never uses those two nasty words. Otherwise, that Dream Home may just turn into a Nightmare!!
Mathews Realty Group
Investment Services
Retirement Planning Specialists
Mortgage Delinquency Rate Climbs, Foreclosure Numbers Head Higher
Lender Processing Services (LPS) says data it’s collected through the end of June show an abrupt increase in the industry’s mortgage delinquency rate and a smaller uptick in the national foreclosure inventory.
Altogether, LPS says there are some 6,452,000 mortgages going unpaid in the United States.
