Posts tagged as:

mortgage

Freddie Mac reports another fantastic quarter in a great year (sarcasm dripping)

March 11, 2009 by Ryan Barr

Freddie Mac reports $50 billion in loses for 2008, and then asks for another $30 billion in federal funding. Guess what, we are going to throw some more good money after the bad.

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Not making a single payment… You’re kidding me, right?

March 9, 2009 by Ryan Barr

The Washington Post recently had an article about FHA loans without a single payment made. In fact, these type of “Quick Default” loans are a growing part of the FHA portfolio. My comments on the article and how broken this whole thing is. Warning, it is a bit of a political rant. The whole situation makes me sick.

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