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patientrenter
Participant[quote=UCGal][quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
[/quote]Thanks, UCGal. Sounds like Congress got a free pass in this documentary. I kinda suspected that, since Barney Frank and Chris Dodd and Chuck Schumer now hold the reins of power more than ever, and someone would lose out if they were crossed by a bunch of TV producers.
Participant[quote=UCGal][quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
[/quote]Thanks, UCGal. Sounds like Congress got a free pass in this documentary. I kinda suspected that, since Barney Frank and Chris Dodd and Chuck Schumer now hold the reins of power more than ever, and someone would lose out if they were crossed by a bunch of TV producers.
Participant[quote=UCGal][quote=patientrenter]I missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.[/quote]
They talked about Fannie and Freddie – but also pointed out that the real escalation of all this came when mortgages were bundled on wall street as MBSs and CDOs. Subprime, alt-a, etc. (Vs the GSE mortgages). I got the impression that having wallstreet willing to buy every mortgage made to securitize it and sell it was more a factor than fanny and freddie.
But maybe I misunderstood.
[/quote]Thanks, UCGal. Sounds like Congress got a free pass in this documentary. I kinda suspected that, since Barney Frank and Chris Dodd and Chuck Schumer now hold the reins of power more than ever, and someone would lose out if they were crossed by a bunch of TV producers.
ParticipantI missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.
ParticipantI missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.
ParticipantI missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.
ParticipantI missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.
ParticipantI missed this show. (I don’t have a TV.) Did they cover the role of Congress and FNMA and FHA and Freddie…? The Congressmen who pushed banks and regulators to shovel more money at housing are riding higher than ever before, and are probably too powerful to be fully exposed.
ParticipantHLS, do you have any stats on how many loans were 20% down or more back in 1995, say, versus currently?
My guess is that the stats would show that there are far more new loans made now – February 2009 – with less than 20% down than back in the mid-90’s or earlier.
Yes, I know there were some <20% down loans available back then, but I suspect there were far fewer. That's why I think the stats would be very interesting.
ParticipantHLS, do you have any stats on how many loans were 20% down or more back in 1995, say, versus currently?
My guess is that the stats would show that there are far more new loans made now – February 2009 – with less than 20% down than back in the mid-90’s or earlier.
Yes, I know there were some <20% down loans available back then, but I suspect there were far fewer. That's why I think the stats would be very interesting.
ParticipantHLS, do you have any stats on how many loans were 20% down or more back in 1995, say, versus currently?
My guess is that the stats would show that there are far more new loans made now – February 2009 – with less than 20% down than back in the mid-90’s or earlier.
Yes, I know there were some <20% down loans available back then, but I suspect there were far fewer. That's why I think the stats would be very interesting.
ParticipantHLS, do you have any stats on how many loans were 20% down or more back in 1995, say, versus currently?
My guess is that the stats would show that there are far more new loans made now – February 2009 – with less than 20% down than back in the mid-90’s or earlier.
Yes, I know there were some <20% down loans available back then, but I suspect there were far fewer. That's why I think the stats would be very interesting.
ParticipantHLS, do you have any stats on how many loans were 20% down or more back in 1995, say, versus currently?
My guess is that the stats would show that there are far more new loans made now – February 2009 – with less than 20% down than back in the mid-90’s or earlier.
Yes, I know there were some <20% down loans available back then, but I suspect there were far fewer. That's why I think the stats would be very interesting.
ParticipantWhere’s my $1,000, paramount?
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