September 30, 2008
The Economy
Yehoram posted a link on myREINspace to a New York Times article from September 1999 about Fannie Mae yielding to pressue and making it easier for some borrowers. The high points: …banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. And In moving, [...]
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September 30, 2008
The Economy
The market continues to be wobbly all over the place. Through a “erroneous order routed from another exchange” Google’s stock price dropped over 30%. Isn’t that just what the market needs? A confidence booster? Either way, I sent off the signed paperwork for my mortgage today. I was genuinely concerned that lending would temporarily stop [...]
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