找回密码
 注册
搜索
查看: 2049|回复: 30

Congress approves housing bill

[复制链接]
发表于 2008-7-26 11:14 AM | 显示全部楼层 |阅读模式


Congress approves housing bill By Kevin Drawbaugh 26 minutes ago WASHINGTON (Reuters) - Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to Fannie Mae (FNM.N) and Freddie Mac (FRE.N), creating a new regulator for the mortgage titans and setting up a $300-billion fund to help troubled homeowners. ADVERTISEMENT The bill was approved by the Senate in a 72-13 vote. It was passed by the House of Representatives on Wednesday. President George W. Bush was expected to sign it promptly. With foreclosures rising, home sales sluggish and property values down, America is in its deepest housing slump since the Great Depression. The crisis will be eased, but not ended by this election-year bill, said housing activists and scholars. "We have a housing market going into cardiac arrest. This bill is like CPR to stabilize the situation," said David Abromowitz, a senior fellow at the Center for American Progress, a think tank in Washington. The National Community Reinvestment Coalition, an alliance of 600 community investment and development groups, estimated 2.5 million U.S. households will face foreclosure this year. While Congress' legislation is welcome, the coalition said, it "will likely have little effect on the foreclosure crisis gripping the financial markets and economy." The 694-page bill would establish the $300-billion fund under the Federal Housing Administration to help distressed homeowners get more affordable, government-backed mortgages and get out from under exotic mortgages they cannot afford. The success of the temporary fund will depend on lenders' willingness to accept losses on original loans to shift overstretched borrowers into new loans. An estimated 400,000 families could be helped by the program, effective October 1. The measure also offers temporary, contingency financing for Fannie Mae and Freddie Mac. The two government-sponsored enterprises, or GSEs, own or guarantee almost half the country's $12 trillion in outstanding home mortgage debt. The stock market has whipsawed their stock prices lately on uncertainty about the companies' ability to weather the slump. If they run into trouble, the GSEs could draw on a temporary line of U.S. Treasury credit or the government could buy shares in them, under a provision inserted in the bill late in its development at the urging of the Bush administration. Texas Republican Sen. Kay Bailey Hutchison said the housing bill had positive aspects. But she added, "I am troubled by the inclusion of an unlimited U.S. Treasury credit line to Fannie Mae and Freddie Mac" and possible government stock purchases. The bill would also create a new regulator for the GSEs with sharper teeth than the existing one, including authority over how much money the companies pay their top executives. It would send about $4 billion in grants to communities to help them buy and repair foreclosed homes. The White House had vowed to veto the bill over the grants, but dropped its threat on Wednesday. Hours later, the House approved the bill. The legislation also offers tax breaks to spur home-buying; sets up the first national licensing system for mortgage brokers and loan officers and raises the limit on the size of mortgages that can be guaranteed by federal agencies. (Reporting by Kevin Drawbaugh; Editing by Peter Cooney and Jackie Frank)
发表于 2008-7-26 01:30 PM | 显示全部楼层
饮鸠止渴!
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 01:36 PM | 显示全部楼层
提示: 作者被禁止或删除 内容自动屏蔽
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 01:39 PM | 显示全部楼层

原帖由 秋之皓月 于 2008-7-26 10:36 发表 不饮鸠, 先渴死; 饮鸠后, 能多活两天, 这两天里, 没准能找到鸠的解药活过来。。。这样的 鸠, 你 饮 吗??

 

没有解药!老祖宗找了几千年了,找不到!

 

 

老美没有一分钱Saving!除了把国债翻倍,还能干啥?

[ 本帖最后由 CoolMax 于 2008-7-26 10:43 编辑 ]
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 01:42 PM | 显示全部楼层
提示: 作者被禁止或删除 内容自动屏蔽
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 01:44 PM | 显示全部楼层
据说渴死要七天时间呢。喝了这个毒药,只怕一时三刻就完蛋了。
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 01:46 PM | 显示全部楼层
我不是说这个bill哈,我对这个bill没啥看法,不知道是好是坏。俺知识说如果有人真的饮鸠止渴,是没好处的。
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 01:46 PM | 显示全部楼层
提示: 作者被禁止或删除 内容自动屏蔽
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 01:49 PM | 显示全部楼层

原帖由 秋之皓月 于 2008-7-26 10:46 发表 那就等到第7天再喝, 还能赚个一时三刻, 足够在多看一眼蓝天了的。。。  

 

现在就是那个第七天了!

回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 01:50 PM | 显示全部楼层
提示: 作者被禁止或删除 内容自动屏蔽
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 01:52 PM | 显示全部楼层
可是死得痛苦多了啊
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 01:56 PM | 显示全部楼层

回复 2# CoolMax 的帖子

  用时间换空间的招数。 如果房市回稳再加中国奥运后经济没有崩盘。萨姆大叔可以逃过这一劫。那这股市会像1998年的走法。有人说两年内DOW30 上15,000.
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 02:02 PM | 显示全部楼层
提示: 作者被禁止或删除 内容自动屏蔽
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 04:10 PM | 显示全部楼层
发信人: vankie (似水流年| Master Wugui), 信区: Stock
标 题: Re: 俺的缩略版本:Housing Bill
发信站: BBS 未名空间站 (Sat Jul 26 13:59:37 2008)

看对谁了。
1. FF肯定死不了了
2. 那些还不起房贷的人将获得低利率的refi.但是银行们要把loan value降下来才能启
动那个300B的rescue.不过鉴于这些loan现在已经无法value了,这个bill之下适当的
writedown恐怕反而增加它们的可估价性/流动性。
3. 激励买房--现在到明年6月买房的有10%的tax cut上限7500
4. 还要暂时刺激rental property的demand.

总体看来,这里唯一吃亏的俩个人就是:
1. 纳税人
2. 没房的人




【 在 dietcoke (Ω 槑饕餮 Ω ) 的大作中提到: 】
: good or not? please say say
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 04:10 PM | 显示全部楼层
发信人: QuickTime (;)))))))), 信区: Stock
标 题: Re: 俺的缩略版本:Housing Bill
发信站: BBS 未名空间站 (Sat Jul 26 16:19:22 2008)

For a house 750K, just save 7.5K
But you have to pay 600K*2=1200K
in your whole if your downpayment
is 150K.

Just estimate.

Who would like to become house
slavery for US bankers? They just
need somebody to pay the bill.

Not easy to solve one 9.5Trillion
problem. Just checked, US GDP in
2006 is 13.xTrillion.
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 04:10 PM | 显示全部楼层
发信人: vankie (似水流年| Master Wugui), 信区: Stock
标 题: Re: 俺的缩略版本:Housing Bill
发信站: BBS 未名空间站 (Sat Jul 26 16:52:43 2008)

应该是supply.

【 在 goolympics (goolympics) 的大作中提到: 】
: why 刺激rental property的demand?


回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 05:25 PM | 显示全部楼层
原帖由 xiaobailong 于 2008-7-26 17:10 发表 发信人: QuickTime (;)))))))), 信区: Stock 标 题: Re: 俺的缩略版本:Housing Bill 发信站: BBS 未名空间站 (Sat Jul 26 16:19:22 2008) For a house 750K, just save 7.5K But you have to pay 600K*2=120 ...

From my understanding, this 7.5K is just an interest-free loan, anyone who claims it needs to pays it back. Besides, it will start to phase out for high income family ($75,000 single and $150,000 married jointly). For a married couple with more than $175,000 joint income, the credit is zero.
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 05:48 PM | 显示全部楼层
管它娘的球, 关键是看大盘如何反映.
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 06:00 PM | 显示全部楼层
这种bailout咱们天朝政府玩得多了,怎么没听这里的高手抱怨呀?倒是尽是些对天朝歌功颂德的言论。
回复 鲜花 鸡蛋

使用道具 举报

发表于 2008-7-26 06:08 PM | 显示全部楼层
原帖由 dividend_growth 于 2008-7-26 19:00 发表 这种bailout咱们天朝政府玩得多了,怎么没听这里的高手抱怨呀?倒是尽是些对天朝歌功颂德的言论。


不一样的。 天朝的经济模式就是suppose 出了事情政府要bailout的。 如果政府不管老百姓才要抱怨呢。 而美国的模式是suppose政府不应该bailout这种经济方面的失误带来的损失的。如果bailout了,美国经济的模式就改变了。所以大家在说美国正在向社会主义转变。
回复 鲜花 鸡蛋

使用道具 举报

您需要登录后才可以回帖 登录 | 注册

本版积分规则

手机版|小黑屋|www.hutong9.net

GMT-5, 2024-6-16 07:21 PM , Processed in 0.037744 second(s), 14 queries .

Powered by Discuz! X3.5

© 2001-2024 Discuz! Team.

快速回复 返回顶部 返回列表