Will the Mortgage Market Ever Completely Return to ‘Normal’? via DS News

It has been seven years since the mortgage crisis first hit the country, and much has been written about “recovery” for housing and for the consumer lending market. Is that “recovery” finally upon us now?

According to a study released by TransUnion on Wednesday, yes, the consumer lending market will experience a full recovery from both the mortgage crisis and the subsequent Great Recession by the end of 2016.

More here @ DSNews.com

TransUnion’s 2016 Forecast Expects Consumer Credit Markets to Complete Recovery

What Fannie Mae’s New Forecast Could Mean for Homeowners

“Recently, mortgage giant Fannie Mae revised its forecast for the U.S. housing market, and the news is not too good. Basically, thanks to a weak first half of 2014, Fannie now thinks total home sales will actually be lower in 2014 than they were in 2013, and that 2015 won’t be much better.”
http://www.fool.com/investing/general/2014/09/06/what-fannie-maes-new-forecast-could-mean-for-homeo.aspx

Are Local Banks Cutting into Fannie Mae’s Multifamily Loan Business? | Commercial Property Management Magazine

“As a result of the collapse of the mortgage market, many feel that replacing Fannie Mae and Freddie Mac is a necessity, but, according to an article recently published in Forbes, phasing out Fannie and Freddie as a consequence to the mortgage meltdown is like “pulling over when the check engine light comes on and changing a tire, the fix has nothing to do with the problem.”
http://www.cpmmags.com/blog/1321/are-local-banks-cutting-into-fannie-maes-multifamily-loan-business.html

New Fannie Mae Short Sale Guidelines Double Waiting Time, Potentially Slowing Housing Recovery

http://www.mybanktracker.com/news/new-fannie-mae-short-sale-guidelines

“Just when it appeared that national lending guidelines were beginning to loosen, making it easier for people to purchase homes, the Federal National Mortgage Association (Fannie Mae) has announced that it is doubling the waiting time, from two years to four years, before past short sellers can jump back into the market. The new rule is effective, Aug. 16.”

Government Support For GSE Mortgage-Transfer Securities ‘Unrealistic’ – Fitch – Income Investing – Barrons.com

http://blogs.barrons.com/incomeinvesting/2014/06/30/government-support-for-gse-mortgage-transfer-securities-unrealistic-fitch/?mod=google_news_blog

By Michael Aneiro

My Current Yield column in this week’s Barron’s magazine discusses how agency mortgage-backed securities – those underwritten by GSEs like Fannie Mae (FNMA) and Freddie Mac (FMCC) – look rich, and yield-hungry investors are turning to non-agency MBS and other, newer types of bonds called risk transfer securities. 

Fannie Mae, Freddie Mac Wind-Down To Boost Sub-Prime: Bove

http://www.valuewalk.com/2014/06/fannie-mae-freddie-mac-wind-down-to-boost-sub-prime-bove/

“Sub-prime mortgages have been creeping back into the mainstream for months now, but a sympathetic article that appeared in The New York Times over the weekend presented them as a misunderstood tool that helps non-standard applicants get a mortgage. Rafferty Capital Markets VP of equity research Richard X. Bove sees this as confirmation that winding down Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) and the creation of Qualified Mortgage rules will only move the risk somewhere else.”

#FannieMae saves homes and pays off their loans.

What if you fell behind on your mortgage? Then by taking out a loan you were able to save your house and the lender made a profit off the loan. THEN, they came and took your home ANYWAY!

Why are we closing Fannie Mae, to help Banks, again. Housing needs the government to back residential loans. We have this faulting thinking about government agencies, “if it’s broke close and start another agency from the ground up.” Or, let businesses, in this case BANKS (hmm), control and regulate themselves and the industry. That sounds like what we’ve just been through – liberal banking, government intervention, start all over from the beginning.

Not only has Fannie Mae done its job, it’s paid it’s loan off with interest. The government MADE money. As was the case with the Auto industry. Let’s fix what’s broken, we’ve wasted enough time and money.