Minnie, Mighty Ginnie Mae. No one seems to care today?

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It’s bad enough to think that there’s a some probability that Ginnie Mae can’t produce ownership records on some volume of its mortgages, but consider also that Ginnie Mae, the government agency who guarantees mortgage loans, just maybe be a ticking time bomb ready to implode from its bureaucratic sleep. According to the Bloomberg News article last Friday, February 22nd, numerous lenders […]

February 24, 2008 - Markets, Politics - 0 Comments

Reform the Fed. Who would’ve thought?

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The credit crisis just won’t go away. Bloomberg News reported on Friday that mortgage lenders have been thwarted from foreclosing on loans by bankruptcy judges who side with defendants that lenders should be required to show they own the loan they are attempting to foreclose on. Believe it or not, many banks can not produce […]

February 24, 2008 - Economy, Markets - 0 Comments

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