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    Bailout of US Mortgage Firms Designed to Ease Worry Over American Economy

    http://www.canadianmortgagesinc.ca/ 2008/ 09/ bailout-of-us-mortgage-firms-desig…

    The big news of the day is the US government' "rescue" of giant mortgage firms Fannie Mae and Freddie Mac. It is hoped the move will calm fears about the US economy and restore some stability to the US housing market.

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    Bloggers React: The Bailout

    http://blogs.wsj.com/ marketbeat/ 2008/ 09/ 08/ bloggers-react-the-bailout/

    Bloggers were mixed when it came to the government’s plan to step in and bail out Fannie Mae and Freddie Mac, but there were a few concerns raised, not the least of which concerns the possibility that any relief rally in the stock market will be a short-lived one.

    3 hours ago in MarketBeat · Authority: 560
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    Get Ready: Stocks Poised to Soar on Fannie/Freddie Bailout

    http://blogs.wsj.com/ marketbeat/ 2008/ 09/ 08/ get-ready-stocks-poised-to-soar-…

    The government bailout of Fannie Mae and Freddie Mac has produced a massive rally in worldwide equities and appears likely to do the same when U.S. markets open in about a half-hour. Bond prices, meanwhile, are falling dramatically on the news, causing yields to rise, while agency debt spreads have tightened.

    3 hours ago in MarketBeat · Authority: 560
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    Conditions are Right for Variable-Rate Mortgages

    http://www.canadianmortgagesinc.ca/ 2008/ 09/ conditions-are-right-for-variabler…

    There has been much discussion about the Bank of Canada's recent decision not to cut its key overnight lending rate, including the silver lining in this decision. As the Toronto Star notes: "[This] period of stability in short-term rates could actually support the housing market if home buyers take

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    ARM Payment Hikes: Another Sign of the Times

    http://www.amateureconomists.com/ blogs/ 2008/ 09/ 08/ arm-payment-hikes-another…

    There seems to be no end to the foreclosure crisis. In fact it is likely to get worse. Option Adjustable Rate Mortgages (ARMs) allow homeowners to choose a low minimum monthly payment typically for five years. The low monthly payments often fall short of the interest due on the loan.

  6. Photo of maizipeng

    A builder in the Midwest from 2000 to 2007 RIP

    http://investment-blog.net/ a-builder-in-the-midwest-from-2000-to-2007-rip/

    A builder in the Midwest from 2000 to 2007 RIP 0 Everything seemed pretty normal at the turn of the century in the housing market 7% mortgages 4 to 5 percent appreciation. Then 911 happened and the Fed (Greenspan) seemed to panic and started lowering the Fed Funds rate.

  7. Photo of maizipeng

    Fannie Mae and Freddie Mac:WHAT IS OFF THEIR BALANCE SHEETS

    http://investment-blog.net/ fannie-mae-and-freddie-macwhat-is-off-their-balance-…

    Fannie Mae and Freddie Mac:WHAT IS OFF THEIR BALANCE SHEETS 0 It actually isn’t what is on their balance sheets that is of the most critical concern. THE BIG CONCERN IS WHAT IS OFF THEIR BALANCE SHEETS AS THAT ACCOUNTS FOR AROUND $4.3 TRILLION OF THEIR FINANCIAL “ACTIVITY” verus the balance sheets which account for around $1.6 trillion of their finances.

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    Pimco’s Gross sees Fannie/Freddie rescue limiting housing losses

    http://lansner.freedomblogging.com/ 2008/ 09/ 07/ pimcos-gross-sees-fanniefreddi…

    Bond guru Bill Gross at Pimco, who’s Newport Beach trading team has come as close as anybody in calling the housing debacle, says that the government rescue of Fannie Mae and Freddie Mac should shave housing losses.

  9. Photo of TheTimesOnline

    Fannie Mae and Freddie Mac bail-out. Be very afraid.

    http://blogs.thetimes.co.za/ hartley/ 2008/ 09/ 07/ fannie-mae-and-freddie-mac-b…

    Fannie Mae and Freddie Mac bail-out. Be very afraid. 7 September 2008, 21:56 GMT + 2 1 comment The fact that the US government has had to step in to bail out Fannie Mae and Freddie Mac - two home loan securitisation agencies shoudl be alarming to the world.

  10. Photo of DougQuance

    US Federal Reserve Rescues Fannie Mae and Freddie Mac - Right Answer?

    http://brokersfirstrealty.com/ 2008/ 09/ 07/ us-federal-reserve-rescues-fannie-m…

    US Treasury Steps In To Take Over Troubled Mortgage Giants Most people don’t have the foggiest idea about what Fannie Mae or Freddie Mac do - or how they affect them, personally - though most will tell you that they have heard of them.

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