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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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...)| Discussion: 1 Comment »
The Great Takeover by the Federal Government!!
September 7th, 2008 categories: Real Estate News


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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Why Century 21 Beal - Ask Carol, Bob or Geneva!
August 26th, 2008 categories: Career in Real Estate, Real Estate News
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| Discussion: Your Comments Please » August 13th, 2008 categories: Foreclosures, Investment Property, Market Trends, Real Estate News, Real Estate True Tales | Discussion: 1 Comment » August 12th, 2008 categories: Buying Real Estate, Market Trends, Real Estate News | Discussion: 1 Comment »
Foreclosure Home for a $1.00?
Bryan and College Station, Texas Luxury Homes Report
