If any of you have enjoyed the “give and take” between Sean and I about the Fannie Freddie death watch, it appears, based on reports in the Wall Street Journal and others that the bailout is happening this weekend.\u00a0\u00a0 What shape is it taking?\u00a0\u00a0 Lots of rumors, very few facts.<\/p>\n
Here’s what I feel safe saying I know for now:<\/p>\n
1. If you own common shares in Fannie or Freddie, you can probably use them for wallpaper.<\/p>\n
2. If you own “debt” from Fannie or Freddie, you’ll be fine.<\/p>\n
3. I’m still going to be writing mortgages next week.\u00a0\u00a0 The purpose of the bailout is to make sure the housing market stays moving and doesn’t precipitate a total financial collapse.<\/p>\n
If I know more, I’ll write more later.<\/p>\n
Tom Vanderwell<\/p>\n","protected":false},"excerpt":{"rendered":"
If any of you have enjoyed the “give and take” between Sean and I about the Fannie Freddie death watch, it appears, based on reports in the Wall Street Journal and others that the bailout is happening this weekend.\u00a0\u00a0 What shape is it taking?\u00a0\u00a0 Lots of rumors, very few facts. Here’s what I feel safe […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-4223","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-lending","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3360,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3360\/update-on-the-fannie-and-freddie-issue\/","url_meta":{"origin":4223,"position":0},"title":"Update on the Fannie and Freddie Issue","author":"Tom Vanderwell","date":"July 14, 2008","format":false,"excerpt":"Okay, here\u2019s an overview of my take on the Fannie Freddie issue: Do you think the Stock Markets like the Fannie Freddie Bailout? Uh, that would be a classic example of an initial elation followed by the let down that comes from looking at the details.\u00a0\u00a0 I\u2019m not going to\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"Do you think the Stock Markets like the Fannie Freddie Bailout?","src":"https:\/\/straighttalkaboutmortgages.files.wordpress.com\/2008\/07\/dow-in-time2.gif?w=350&h=200&crop=1","width":350,"height":200},"classes":[]},{"id":4039,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4039\/mortgage-market-week-in-review-7\/","url_meta":{"origin":4223,"position":1},"title":"Mortgage Market Week in Review","author":"Tom Vanderwell","date":"August 22, 2008","format":false,"excerpt":"Here we are on Friday again and it\u2019s time to take another look at what\u2019s going on in the mortgage markets. This week we\u2019re going to talk about two economic reports and two big question marks. First the economic reports from the week: 1. The Index of Leading Economic Indicators\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10715,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10715\/interest-rates-have-been-trending-upward-but-what-happens-when-uncle-sugar-quadruples-the-sugar-supply-at-fannie-and-freddie\/","url_meta":{"origin":4223,"position":2},"title":"Interest rates have been trending upward, but what happens when Uncle Sugar quadruples the sugar supply at Fannie and Freddie?","author":"Greg Swann","date":"December 26, 2009","format":false,"excerpt":"From the Wall Street Journal:The Obama administration's decision to cover an unlimited amount of losses at the mortgage-finance giants Fannie Mae and Freddie Mac over the next three years stirred controversy over the holiday. The Treasury announced Thursday it was removing the caps that limited the amount of available capital\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4267,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4267\/update-on-fannie-and-freddie\/","url_meta":{"origin":4223,"position":3},"title":"Update on Fannie and Freddie","author":"Tom Vanderwell","date":"September 8, 2008","format":false,"excerpt":"Well, it happened.\u00a0 In case you haven\u2019t heard the news, Fannie and Freddie were bailed out by the Federal Government over the weekend.\u00a0\u00a0 I\u2019m not going to go over all of the details but just try to hit some \u201chigh points.\u201d So, here goes: 1. The Federal government now owns\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4290,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4290\/bloodhound-blog-radio-what-the-fanniefreddie-bailout-means-to-realtors\/","url_meta":{"origin":4223,"position":4},"title":"Bloodhound Blog Radio: What the Fannie\/Freddie Bailout Means to REALTORS","author":"Brian Brady","date":"September 8, 2008","format":false,"excerpt":"I guess we saw this coming.\u00a0 Robert Kerr has been talking about the collapse of the GSE's, in the comments section on Bloodhound Blog, for close to a year now.\u00a0 Sean Purcell and I recorded a teleconference for California REALTORS about the Treasury bailout of the GSEs. We talk about\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4374,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4374\/mortgage-market-week-in-review-9\/","url_meta":{"origin":4223,"position":5},"title":"Mortgage Market Week in Review","author":"Tom Vanderwell","date":"September 12, 2008","format":false,"excerpt":"Well, it\u2019s Friday again, so it\u2019s time for another Mortgage Market Week in Review.\u00a0\u00a0 I\u2019m going to talk just a little about Fannie and Freddie and then deal with some of the other issues that are currently affecting the financial markets. 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