PFBlog logo

My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.
  Home | Feed: feed-icon.gif | About | Progress: June 07: $756,924 | Best of PFBlog | Product Reviews | PFBlog Digest | Disclaimer | Advertise | Contact Me

...

Fannie Sees Higher Odds Of Regional Housing Busts

Contributed by mm | June 20, 2005 5:33 AM PST





Fannie may have its own motive, but we all know banks are offering more "creative" financing options.

From Wall Street Journal:

Their ability to set standards, however, is eroding rapidly as they lose market share to private-sector rivals. Fannie and Freddie helped finance about 43% of new home mortgages in 2004, down from 59% a year earlier, according to Inside Mortgage Finance, an industry publication. Lenders increasingly are selling loans to rivals with more flexible credit standards. Fannie's capacity to buy loans also has been hampered by its need to shore up capital in the wake of an accounting scandal.

The Fannie analysis shows a loosening of standards for loans included in "private-label" mortgage securities, those that aren't backed by Fannie, Freddie or Ginnie Mae, a government agency that guarantees payments on federally insured loans.
What do you think of this post? Be the first to share your opinions.

Enjoy the latest personal finance news and commentary at PFBlog Network.
Similar Posts

30-Year Mortgages Drop To 15-Month Low (June 30, 2005)
This is amazing -- we are only 32 basis points higher than all time low.
Bubble Anxiety Has Homeowners Debating: Time to Sell or to Rent? (June 24, 2005)
By the end of the day, it all comes down to the expectation for house price appreciation, which is hard to guess.
Booming Local Housing Markets Weigh Heavily on Overall Sector (June 20, 2005)
It might be true that the bust will not be as dramatic as the stock market correction, but it will be at least as painful.
What Happens If Real Estate Goes Bust (June 14, 2005)
No conclusion offered but if the bubble is bursted, the consequenes will be ugly.

Read all 27 articles in the same category.

Read More ... All Other Posts In The Same Category

07/30/06 | CNNMoney: Most Overpriced Home Markets
04/30/06 | 50-Year Mortgage Debuts in California | (3)
04/12/06 | Click Here To See Your Home Depreciate
03/17/06 | Residential Mortgage Delinquencies Increase
03/12/06 | Some Finding Perils in Online Real Estate
03/09/06 | Mortgage Rate Trend Index - Week of 3/9
08/28/05 | Bubble-lusions
08/26/05 | Are You Missing the Real Estate Boom?
08/26/05 | Home Equity is Not Savings
08/23/05 | Bubble-Metrics: Economists Handicap Housing Markets
08/22/05 | Be Warned: Mr. Bubble's Worried Again
08/22/05 | Online Bettors Find a New Love: Real Estate
08/20/05 | Don't Forget Home Equity
08/19/05 | Home Prices 'Extremely Overvalued' in 53 Cities
08/17/05 | How Will Home Boom End?
07/18/05 | Searching for a Home In Atherton, Calif.? Look Out for Googlers
07/18/05 | Realtors Raise Pressure On Discounters
07/18/05 | The 13 Riskiest Housing Markets
06/30/05 | 30-Year Mortgages Drop To 15-Month Low
06/24/05 | Bubble Anxiety Has Homeowners Debating: Time to Sell or to Rent?
06/20/05 | Booming Local Housing Markets Weigh Heavily on Overall Sector
06/14/05 | What Happens If Real Estate Goes Bust
06/02/05 | Low Mortgage Rates Defy Expectations
05/31/05 | Some Homeowners Delay Sale In Hopes Of Higher Profit
05/30/05 | Wanna Buy This House? Send Your Rsum
05/30/05 | Is Your House Overvalued?


Random Links
How Small Personal Loans Can Help You To Repair Your Credit (Courtesy of Personal Loan For You)
Nine Ways to Pay Off Debt (Courtesy of Easy Debt Consolidation)
What Is Pyramiding In Multilevel Marketing (MLM) Plans? (Courtesy of Quick Millionaire)
How To Stop A Debt Collector From Contacting You? (Courtesy of Easy Debt Consolidation)
Clean Fuel Car Models Eligible For Tax Credit (Courtesy of Personal Tax News)
New Capital One Credit Card with 1.25% Cash Back (Courtesy of Best Credit Card Guide)
Biggest Source of Identity Theft (Courtesy of Zero Identity Theft)
Things To Look For In Student Credit Cards (Courtesy of Best Credit Card Guide)
How To Get A Cheap Unsecured Loan in UK (Courtesy of Personal Loan For You)
What Is A Home Equity Line Of Credit? (Courtesy of Mortgage ABC)
2006 Best Mutual Funds From USA Today - Aggressive Funds (Courtesy of Mutual Fund Talk)
Fund Scandal Payouts Likely To Be Small (Courtesy of Mutual Fund Talk)
ReviewMe: Another Income Stream for Bloggers? (Courtesy of Quick Millionaire)
When Should You Start Buying Long Term Care Insurance? (Courtesy of Getting Long Term Care)
How To Cut Your College Cost: 10 Innovative Ideas (Courtesy of Smart College Savings)
What Is Variable Universal Life (VUL) Insurance? (Courtesy of Universal Life Insurance)
Featured Card: Discover Platinum Clear Card (Courtesy of Best Credit Card Guide)
9 Ways To Pay Off Your Debt (Courtesy of Easy Debt Consolidation)
10 Most Expensive Colleges in the U.S. (Courtesy of Smart College Savings)
Money Magazine: Best Foreign (International) Stock Funds for 2006 (Courtesy of Mutual Fund Talk)
How Much Car Insurance Do You Really Need? (Courtesy of Auto Insurance Blog)
Target-Date Funds Launched at American Funds (Courtesy of Mutual Fund Talk)
Bank of America Promotes No-Fee Mortgage (Courtesy of Mortgage ABC)
Credit FAQ: What Is Discretionary Income? (Courtesy of Best Credit Card Guide)
Different Types of Car Financing (Courtesy of Auto Loan Tips)















This page was last rebuilt at April 01, 2008 09:18 AM.

PREMIUM SPONSORS

Car Loans
Dallas Bankruptcy Attorney
Personal Loans
Car Finance
Homeowner Loans
Cheap Car Insurance
Mortgages UK & CCJ Mortgage
Used Cars
Loans
Commercial Mortgages and Business Loans
Guaranteed Car Finance
Payday Loan
Personal Loan
Student Loan Consolidation.com
Secured Loans
Bad Credit Loans - Free Quote

  buy ad here ...


SITE REVIEWS

Low Cost Loans
Cheap Loans
Google
Web PFBlog

CREDIT CARD RECOMMENDATIONS

Citi Dividend Platinum
American Express Blue Cash
Citi Driver's Edge
Citi Premier Pass
Discover More Card
Starwood PReferred Guest Credit Card from American Express
Citi mtvU for College Students
One from American Express





WHAT I READ

WSJ
CNN Money
SmartMoney
Kiplinger
Morningstar


AFFILIATED BLOGS

Credit Card Guide
Auto Insurance Tips
Term Life Insurance
Reverse Mortgage Guide
Personal Loan Blog

Mutual Fund Talk
Debt Consolidation Tips
Easy Mortgage
Bankruptcy Blog
Smart Annuity

Universal Life Insurance
College Savings
Retirement savings
Car Loan Tips
Stock Option Trading

Health Insurance Guide
Long-Term Care
Become A Millionaire
ETF Investment
No Identity Theft

Homeowner Finance
Payday Loans
Hedge Fund Report
Personal Tax
Smart Travel

PFBlog Digest
Money Blog
Insurance Blog
Saving Advice

 

 


POWERED BY

Easy Web Hosting $6.95