Fannie Mae.   Freddie Mac.   Not popular names right now.   By 2014, it is expected that both will have cost taxpayers losses in the hundred’s of billions of dollars.   That’s the black hole side of the equation.  Elected officials seem unwilling to address the problems AND find solutions- they just point fingers and send money.   On the other [...]

Orlando Mortgage Lender FBC Releases Year End Central Florida Mortgage Report for 2011 Orlando, Florida – Orlando mortgage lender FBC recently released their yearend Central Florida Mortgage Report for 2011. Based on all of the data 2011 may be viewed as the year the mortgage and housing market leveled out after years of steep declines.  [...]

There were no shortage of big stories in 2011 – but here is a little about the ones that are bound to affect mortgage and real estate markets the most: The Economy- It certainly did not get much better, but it also did not get much worse.   All in all, a mixed bag for the [...]

A big announcement from the Securities and Exchange Commission today- civil charges were brought against six former executives at Fannie Mae and Freddie Mac.  The charges are for fraud and misrepresentation over the firms exposure to toxic sub-prime mortgages.   Let me say it here – they are all guilty.  If you take the time to [...]