Monthly Archives: September 2008
Federal Housing Tax Credit
What is the first time homebuyers tax credit, who is it for and what are the benefits? www.federalhousingtaxcredit.com
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A History of Freddie Mac and Fannie Mae
1938 Fannie Mae created during the Great Depression as a government agency to ensure supply of mortgage funds. The aim was to boost banks’ capacity to offer home loans by buying up existing loans in exchange for cash 1968 Fannie … Continue reading
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US Government Bails out Fannie and Freddie
$100 Billion, yes, with a “B”. Over the weekend, the US government takes over the two huge mortgage guarantors. Until now, they were sanctioned by the government, but this morning, the language is much stronger. We own them now – … Continue reading
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