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Entries Tagged ‘Fannie Mae’

Credit Score Chart – How To Interpret Your Numbers

A credit score chart answers the question “what is a good credit score?” Unfortunately, there is not a uniform answer to this question. Scores range between 300 and 850 with higher being better. While imperfect, a credit score chart will tell you whether your score is a good one or not.
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Freddie Mac and Fannie Mae in 5th grade terms

Economic Lessons from the 5th Grade-” “The Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” – Ronald Reagan Jeff Foxworthy became famous and made a fortune with Red Neck jokes and comedy tours. He’s parlayed his notoriety and down-home humor into a popular TV game show called “Are You Smarter than a 5th Grader?” You can test your 5th-grade knowledge with an online ten-questio

Fox News Panelists Excoriate NYT’s ‘Mortgage Bonfire’ Hit Piece on Bush

The roundtable on Monday night’s Special Report with Brit Hume on FNC was not kind to the New York Times’s hit piece on Sunday’s front page that blamed President Bush and only Bush for the mortgage meltdown, ignoring the Democrats in Congress who protected the irresponsible push for more “affordable housing” by Fannie Mae and Freddie Mac (as Times Watch noted yesterday). Nina Easton, Washington bureau chief of Fortune magazine, pronounced herself “flabbergasted when I read this story, flabber

I am about to go work on Mamelukes…

I am about to go work on Mamelukes, but I had a thought. The goal of Fannie Mae and Freddie Mac was to increase housing ownership in the US. It’s a noble goal, and one I fully agree with, could it be done without mucking up the financial system, but in practice these good intentions created monsters that ate Wall Street. My thought was, how can we aid and encourage low cost housing ownership without unduly affecting the market economy? And immediately came to mind a national housing lottery.

The Fannie Mae and Freddie Mac Bailouts: What’s It To You?

The bailout of America’s mortgage giants could have a profound impact on your personal finances. Let’s face it. The economy is awful right now. It’s a mess that has taken a long time to reach critical mass, and it will take a while to get it all straightened out. The mortgage giant bailout affects every homeowner seeking a mortgage. On the positive side, most analysts believe that Sunday’s takeover of Fannie Mae and Freddie Mac will likely translate into lower mortgage rates and greater avail