|
Gold Mining Index & Gold Prices - Barrons.com
The Gold Mining Index page has moved to the redesigned pages at Barrons.com. Please update your bookmarks. If you are not redirected in a few moments please click Gold & Silver ...
Read full post here. (c)
Gold Price News: Hathaway Interviewed by Barron?s about the Gold ...
GoldPrice.org - The No. 1 live gold price site for fast loading current gold price charts in Ounces, Grams and Kilos in all major national currencies
Read full post here. (c)
Why Did Freddie Mac and Fannie Mae Go Under?
The Federal Home Loan Mortgage Corporation, also known as Freddie Mac, was created by Congress in 1970 to make possible a secondary mortgage market to provide greater liquidity to banks and other lending institutions to facilitate home mortgage lending. The Federal National Mortgage Corporation, also known as Fannie Mae, was originally created by the Federal Housing Authority (FHA) in 1938. In the beginning, Fannie Mae would securitize FHA loans, and it was the first to create a secondary mortgage market. In 1968, the company was privatized to remove its debt from the balance sheet of the Federal Government. Fannie Mae's role in purchasing FHA loans was replaced by the Government National Mortgage Association, also known as Ginnie Mae. Both Freddie Mac and Fannie Mae are private corporations that have the implied backing of the Federal Government even though their activities are explicitly not guaranteed (until they were taken into conservatorship in September 2008). Collectively Freddie Mac, Fannie Mae and Ginnie Mae are known as Government Sponsored Entities or GSEs, and they are responsible for maintaining a secondary market for mortgage backed securities. Fannie Mae and Freddie Mac buy and sell mortgage loans to create a secondary market. Mortgage originators bring groups of loans to the two companies which will either buy the loans to hold in their own portfolios, or they will bundle these loans together into securities in a process known as a "swap." In a swap program, the originator provides the group of loans, and Fannie Mae and Freddie Mac promise the originator they will receive payments from the pool, whether Fannie Mae and Freddie Mac receive said payments or not. This guarantee is tantamount to insurance as the two companies are taking on all risk of default for a small annual "guarantee fee," usually equal to 20 basis points (0.2% of the guarantee amount). Fannie Mae and Freddie Mac have strict loan origination guidelines because of the insurance they are providing. In the terms of the mortgage industry, "conforming" loans are those loans that meet the underwriting standards of Fannie Mae and Freddie Mac. In the later stages of the rally in the Great Housing Bubble, more and more mortgage loans were being originated that did not conform to Fannie Mae's and Freddie Mac's standards. The asset-backed securities (ABS) market packages these non-conforming loans into collateralized debt obligations and garnered significant market share. Despite their more conservative lending standards, Fannie Mae and Freddie Mac guaranteed many loans that performed poorly in the fallout of the Great Housing Bubble. They guaranteed many exotic loan types with inflated appraisals and committed many of the same errors as asset-backed securities (ABS) issuers during the bubble. When these loans started to go bad, Fannie Mae and Freddie Mac faced enormous losses, so the government had to assume conservatorship in 2008. Lawrence Roberts is the author of The Great Housing Bubble: Why Did House Prices Fall? Learn more and get FREE eBooks at: http://www.thegreathousingbubble.com/ Read the author's daily dispatches at The Irvine Housing Blog: http://www.irvinehousingblog.com/
NAVIGATION
Your Investment in Rental Property - How to Pick a Fat Cash Cow
Why Did Freddie Mac and Fannie Mae Go Under?
Candlesticks and Indicators Predicted the Rollover in Silver, Too
Coffee Futures - The Single Best Investment For 2009 and 2010
Surviving All Those Perfect Storm Cliches With Precious Metals
Facts About Thin Film Solar Panels
Where To Find A Panasonic Bread Maker
What's the Next Frontier in Philippine's Franchising World?
Color Psychology Will Make Or Break Your Sales Success
WoW Gold Guide - 3 WoW Gold Farming Tips
Nyhm's Warcraft Guide Review
How to Make Easy WoW Gold For Your First Mount
Cheap Investment Ideas - Throw Parties For a Living As an Event Planner
Canadian Maple Leaf Coins
Why Covered Call Traders Lose Money
An Introduction to Online Trading Futures
Selling Gold For Cash - Avoiding the Pitfalls
Emini Trading Signals - How Do I Know Which One to Choose?
Unit Trusts & Investment Trusts
Conclusions Experts Can Draw From Other Key Financial Markets For Currency Trading
Where To Find A Panasonic Bread Maker
Japanese Candlesticks Can Predict Reversal of Major Trend
Chicago Condos "Can Do"
World of Warcraft - Buying Gold - Is It Worth the Risk?
Economic Survival in the 21st Century - the Three Key Questions to Ask
What Market Fundamentals Can Affect the Silver Futures?
The Federal Reserve and its Role as U.S. Money Cops
The Benefits of Titanium Wedding Rings
Choosing a Reputable Forex Broker
The Effect Of Time On Value Appreciation
Trading Wheat Spreads - Strategies For Trading These Markets For Profit
Investing in Bonds
Price Comparison Sites - Help to Compare Prices Easily in the Age of Technology
WoW Gold Guide - 3 WoW Gold Farming Tips
Fall 2007 Fashion Accessory Trends!
Surprising Old Photos and Documents
What's Happening In Real Estate Right Now And Where Is It Going?
The Rising Gold Market
Forex Options Trading - Commodity Currency
What's the Next Frontier in Philippine's Franchising World?
Gold Coins and Gold Bullion a Great Inflation Or Recession Investment
The Efficient Market Hypothesis
Investing in Gold ETFs to Strengthen Your Portfolio in Difficult Economic Times
Basics of ETF Trading
Commodities - Bull Market Ready to Resume
Coach Outlet Store and Authentic Coach Purses
The 'Where to Trade' Conundrum and How to Crack It
An Introduction to Online Trading Futures
Diamond Engagement Ring - Ensure These Quality Parameters
Commodities Trading 101 - Do You Know The Basics Of Commodities Trading?
Discount Diamond Rings
How Coffee Maker Ratings Can Help You
Ways of Using Futures Trading Systems
Is This Uranium Bull Market For Real?
This Really is Not Working, Is It?
Oil - Super Contango and Arbitrage
Best Home Treadmills - Some Must-Know Facts
Getting Information on the Newest PC Games
Great News Today & Some History Too
What to Do When Buying Gold Coins
Stockholm: Venice Of The North
Last Minute Valentine Gifts
How I Called the Breakout in Gold Three Weeks Ago
Enhance the Value of Collecting Through Understanding the History of Your Porcelain Doll Collection
Benefits of a Gold Guide for World of Warcraft
H2O Mop Review
Make a Unique Statement With a Titanium Ring
The Benefits of Titanium Wedding Rings
How to Dominate World of Warcraft
The Ever Increasing Crude Oil Price Rise
Best Home Treadmills - Some Must-Know Facts
Commodities - Bull Market Ready to Resume
WOTLK World of Warcraft Gold Making Tips
Why the Atlantic Seaboard is Such a Popular Property Investment Choice
Treasury Bills, Can You Hear the POP?
Invest In Stocks And Harvest The Profit
Postage Stamps Collecting
Guide to Buying Used Tractors Online
Last Minute Gifts
How Coffee Maker Ratings Can Help You
How To Invest Wisely And Make Your Money Grow
H2O Mop Review
The Price of Gold in Troubled Economic Times
Best Ways to Make Gold in WOTLK World of Warcraft
Autograph Collectors - Beware of the Dreaded COA (Certificate of Authenticity)
Depression-Proof Your Savings
Where Can We Find Cheap LotRO Gold?
Basic Guide to Collecting Antique Ceramics - Part 11
Fair Trade Jewellery - The Six Principles Behind Ethical Jewellery
Wire Wrapped Jewellery
Selling Preparation - Teasing the Customer
Land Rover Range Rover Sport Review
Make Easy Gold in WoW
Genuine Diamond Wedding Rings Will Last Forever
Oil - Super Contango and Arbitrage
Can Money Grow On Trees?
Futures Vs Stocks - 6 Key Differences For Traders
Skyrocketing Fuel Prices - The ATF (Aviation Turbine Fueol) Effect
Can I Make Money Selling My Handmade Jewelry Designs On Ebay?
Commodities Options Trading - How to Trade Commodities Options
|
