Archive for the 'Real Estate News' Category

Why Did Fannie Mae Fail?

October 10th, 2008 categories: Mortgage Help, Real Estate News

With all that is going on in the mortgage and banking world right now, don't you wonder WHY? Why did this mess begin? What started it? Didn't anyone see it coming? Yes - someone saw it coming. The New York Times actually reported it coming back on September 30th in 1999. How many years ago is that? Maybe it was while Clinton was President, not George Bush.... In 1999 Steven Holmes from the New York Times wrote that Fannie Mae was under extreme pressure from the Clinton Administration to expand mortgage loans to low and moderate income people. In doing this "Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times.... but may run into trouble in an exonomic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's".  Do you remember the 80's when WE bailed out the savings and loan industry? Often times we forget our past, our history and with that we repeat it over and over. Bailout - something new? NO WAY! We do it over and over and over. As much as I

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Posted by Susan Hilton | Discussion: Your Comments Please »

Credit Crunch? Media Feeding Frenzy

September 30th, 2008 categories: Buying Real Estate, Commercial real estate, Investment Property, Land & Rural, Market Trends, Real Estate News, Selling Real Estate

BRYAN, TX -- You and I know the media are out to make a buck. And most people know that a majority of the news is presented in a cunning way to grab your attention to increase media viewership to sell more ads to make a buck. What viewers may not know is that the recent hype on the alphabet soup mortgage companies (WaMu, AIG, FNM, FRM, ...) is just that - hype. Sensationalism to get you excited to grab your attention to increase media viewership to sell more ads to make a buck. It's like the Dallas Cowboys training camp... (more...)

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Posted by Cindy Seaton | Discussion: 1 Comment »

The Great Takeover by the Federal Government!!

September 7th, 2008 categories: Real Estate News

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The Federal Government announced today that Freddie Mac and Fannie Mae will be taken over by the Federal Government.  The Fed will take charge of $5 Trillion in loans.  The Federal Housing Finance Agency will oversee the day to day workings of the two loan giants until they are better able to run themselves. 

Click Henry Paulson to see the announcement by Treasury Secretary Henry Paulson    

Also, the director of the Federal Housing Finance Agency, James Lockhart,  anounces the "conservatorship (click)" between the two companies.  Both companies will be open for business on Monday according to CNN, but be aware that major restructuring will have taken place and rules and regulation have changed.

How will this affect the College Station home sales?  What do buyers have to look forward to with the changes?  Will this affect my current mortgage if I have a

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Posted by Joey Condon | Discussion: Your Comments Please »

Why Century 21 Beal - Ask Carol, Bob or Geneva!

August 26th, 2008 categories: Career in Real Estate, Real Estate News

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Posted by Susan Hilton | Discussion: Your Comments Please »

Foreclosure Home for a $1.00?

August 13th, 2008 categories: Foreclosures, Investment Property, Market Trends, Real Estate News, Real Estate True Tales

Detroit Foreclosure House for $1!

From an article in the Detroit News, this house in Detroit, Michigan was recently listed for $1.00. That's right. One American greenback. It sold for full price! The buyer plans to pay cash. Between sales commission and $1,000 bonus, buyer's closing costs, back taxes and a past due water bill, the sale will cost the bank owner about $10,000. The empty, foreclosed home is now a shell of its former self. As a vacant home, (more...)

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Posted by Jason Johnston | Discussion: 1 Comment »

Bryan and College Station, Texas Luxury Homes Report

August 12th, 2008 categories: Buying Real Estate, Market Trends, Real Estate News

As of August 12, 2008, there are 73 residential properties in Brazos County, Texas listed in the Bryan and College Station, Texas Multiple Listing Service (MLS) that are priced at or above $500,000. The price range for these homes and properties ranges from $505,000 to $2,875,817. The median price is $685,000. In this price range you will find everything from a two bedroom, two and a half bath A-frame to a five bedroom, five and a half bath plantation-style traditional. The approximate heated area ranges from 1,453 square feet to 6,424 square feet. Some of these lots are quite larger than others. The smallest are the patio homes and condos that have no lot or yard. The largest lot is more than 439 acres! Exterior features include fifteen with pools, eleven with hot tubs/spas, and six with barns or stables. Those with green thumbs have twelve to choose from that have garden areas. Some of these homes are new builder homes. Most have been built since 2000 or later. A few are older homes, including one that was built in 1915 on the campus of Texas A&M University (then the A&M College of Texas). It was

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Posted by Jason Johnston | Discussion: 1 Comment »

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