The Sunshine Report

Category Archive: Mortgage

1. What to Learn From Florida’s Mortgage Meltdown

   0 Post on January 10, 2011

   If any­one wants to see a real live mort­gage melt­down in progress, they should visit Florida where, accord­ing to the Amer­i­can Secu­ri­ti­za­tion Forum, more than 50% of secu­ri­tized non-agency Florida res­i­den­tial mort­gages are greater than 60 days past due. [read full story]

   Posted in: BANKS, Credit Crisis, economy, Finance, Mortgage, Public Policy, REGULATION

2. Wall Street’s Fatal Defect — Republished From The Huffington Post

   0 Post on December 29, 2010

   The fate of Fred­die Mac and Fan­nie Mae will be cen­ter stage in Jan­u­ary when the Obama admin­is­tra­tion makes its required Con­gres­sional rec­om­men­da­tions about what to do about the two com­pa­nies. The stakes for home­own­ers and the econ­omy couldn’t be higher as the next Con­gres­sional ses­sion will deter­mine if the U.S. has a pri­vate mort­gage mar­ket or if, by con­trol­ling hous­ing finance, gov­ern­ment bureau­crats will be able to direct where Amer­i­cans live and how much they pay for hous­ing. [read full story]

   Posted in: BANKS, Fannie Mae, Finance, Freddie Mac, housing crisis, Mortgage, Public Policy, REGULATION, Regulatory Reform

3. Let’s Do The Time Warp Again; Advocates of a 4.5% Mortgage Rate Must Have Come From Another Time And Place

   2 Post on February 8, 2009

   When I hear peo­ple talk about the gov­ern­ment essen­tially man­dat­ing that banks and Fred­die Mac and Fan­nie Mae orig­i­nate 4.5% 30 year fixed mort­gages I think of the Rocky Hor­ror Pic­ture Show and The Time Warp. Mem­bers of Con­gress and econ­o­mists who are push­ing under­priced mort­gages must be from another time and place oth­er­wise they […] [read full story]

   Posted in: BANKS, Bush Administration, Business Environment, Credit Crisis, economy, Fannie Mae, Finance, Freddie Mac, housing crisis, Mortgage, Obama, Politics, Public Policy, REGULATION