Monthly Archives: February 2010

Lenders Delay Evictions

From The Los Angeles Times Many borrowers in default stay put as lenders delay evictions Throughout the country, people continue to default on their home loans — but lenders have backed off on forced evictions, allowing many to remain in their homes, essentially rent-free. Several factors are driving the trend, industry experts say, including government […]

Fannie Mae Posts a $15.2 Billion Loss

Yikes. From the Fannie Mae Press Release: Fannie Mae (FNM/NYSE) reported a net loss of $15.2 billion in the fourth quarter of 2009, compared with a net loss of $18.9 billion in the third quarter of 2009. … For the full year of 2009, Fannie Mae reported a net loss of $72.0 billion, compared with […]

Obama’s Micro-Mismanagement of HAMP Equates to “Can-Kicking Stupidity”

When a program is badly flawed and not working, the rational thing to do is scrap it. Given that HAMP (Obama’s Home Affordable Mortgage Program), is a complete failure, someone thinking clearly would kill the program. Instead, president Obama, acting like the typical bureaucrat, wants to massively expand it. Please consider Obama May Prohibit Home-Loan […]