Good news for Real Estat?

fmln06

The Obama administration's decision to cover an unlimited amount of losses at the mortgage-finance giants Fannie Mae and Freddie Mac over the next three years stirred controversy over the holiday.

http://online.wsj.com/article/SB ... J_hpp_sections_news

Seems like FNM FRE could jump again. In fact, their afterhour price already jump.

But my question would be would this also a good news for bank and insurance company so they can lend on mortgage?

stevenw

seems bank can not hold more house now.

ranchgirl

fmln06

才涨这么点儿？

bobcat

二房是民主党的宝贝，焉能不救？

Seawave

Fannie Mae: Delinquencies Increase Sharply in October
by CalculatedRisk on 12/28/2009 08:01:00 PM

Here is the monthly Fannie Mae hockey stick graph ...


Fannie Mae reported today that the rate of serious delinquencies - at least 90 days behind - for conventional loans in its single-family guarantee business increased to 4.98% in October, up from 4.72% in September - and up from 1.89% in October 2008.

"Includes seriously delinquent conventional single-family loans as a percent of the total number of conventional single-family loans. These rates are based on conventional single-family mortgage loans and exclude reverse mortgages and non-Fannie Mae mortgage securities held in our portfolio.
...
A measure of credit performance and indicator of future defaults for the single-family ... credit books. We include single-family loans that are three months or more past due or in the foreclosure process ... We include conventional single-family loans that we own and that back Fannie Mae MBS in our single-family delinquency rate, including those with substantial credit enhancement."

Just more evidence of the growing delinquency problem, although it is important to note these stats do include Home Affordable Modification Program (HAMP) loans in trial modifications (and the trial modification periods have been extended again).

Seawave

delinquency for all us banks
http://206.71.60.110/chartQuarter.asp