The rumors are running on high level talkers now as Rep. Barney Frank, the chairman of the House Financial Services Committee has gone on record stating that there are serious plans in the works for the government to step in and place both Fannie and Freddie into a conservator-ship very soon. Both companies are loosing billions of dollars each quarter. With banks closing and mortgage companies closing Fannie and Freddie have been fronting better than 50% of the mortgages for this year alone with some reports pegging that number closer to 75%.

These are seriously scary times if you are an investor in the mortgage companies as many fear that once the government puts Freddie and Fannie into conservator-ship that any value that their stocks had will be toast. Continue Reading »

Yes the real estate market is still spiralling down out of control. Yes mortgage lenders have loaned their way into a ton of trouble. Yes people are loosing their homes all over the country because they can no longer afford that mortgage. Yes this all sounds terrible and it does not look like there will be a reversal of fortunes anytime soon.

There is however a very small percentage of people out there that are loving the state of housing market right now. Those people are doing what is called Continue Reading »