What if Fannie and Freddie went away?
Is a new home financing system ahead? In the text of a speech delivered Aug. 6, President Obama said: “I believe that while our housing system must have a limited government role, private lending should be the backbone of the housing market.” This statement came as part of call for winding down Fannie Mae and Freddie Mac and revamping home financing in America.
Red Phone: Different water billing policies
"My sister who lives off El Matador in Gilroy still has her water turned on after not paying her bill for more than a year. I live on First Street and stopped paying my water bill because I lost my job, and after three months my water was turned off. Why I am I being discriminated against?"
Loan options
With mortgage rates rising quickly post election, there has been much more attention paid to Adjustable Rate Mortgage (ARM) loans. Many people have stayed away from these types of loans in the past 10 years as the fallout from the mortgage meltdown drove the market to fixed rates. Also, when long term 30-year fixed rates are in the mid to low-threes, it doesn't make much sense to look at an ARM loan.
