According to REAL Trends, Fannie and Freddie notified bond traders last week that each company needs to purchase $20B per MONTH in underperforming mortgage securities. Their efforts are separate from the $700B bailout deal that was ratified last week. It will be interesting to watch the 2 companies, themselves laden with under-and-non-performing debt, bloat up […]
Entries from October 2008
Fannie and Freddie to Step it Up
October 14th, 2008 · No Comments
Tags: Legislation and Policies · Mortgage Reform
Real estate doom and gloom…NOT!
October 6th, 2008 · 2 Comments
With all of the negative press that we’re exposed to throughout the day, we need to remember that the real estate market, at least, is still alive and well. Since the government’s ’sudden recognition’ that it was broken, changes have been made to push the industry in a healthy direction. That is, by making affordable […]
Tags: Mortgage Reform · Random Musings
Just say “NO WAY!” to School District Unification Plans
October 3rd, 2008 · No Comments
There are several school redistricting plans that are coming up for vote in November. If approved, the plans would unify 76 elementary and high school districts into 27 K-12 districts throughout the state, including 34 districts that would be combined into six districts in Maricopa County.
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The Plan were drafted by the Arizona School District Redistricting […]
Tags: Legislation and Policies
$20M Federal Grant for Phoenix Real Estate Foreclosure Market
October 2nd, 2008 · No Comments
The City of Phoenix will receive about $40M from the Housing and Economic Recovery Act to bolster the hard-hit Phoenix real estate market. The funds are almost double what was expected, which is really not a good thing, as the funds are based on need.
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The grant will be applied across a number of initiatives at […]
