What to Know Before Getting Your First Mortgage



You have saved up enough money for a down payment, and now you’re ready to get your first mortgage. However, there are a few things you should know before you fill out your first application at the bank.

Fannie and Freddie Mortgage Write Downs – Another Bailout For Big Banks



Fannie and Freddie regulator Edward DeMarco, the acting Director of FHFA, is taking a lot of heat for his reluctance to write down first mortgages for underwater homeowners. But DeMarco is rightly pointing out that the push to write down the first mortgages is merely a form of protectionism for the four largest banks in the U.S. – JP Morgan Chase, Wells Fargo, Citigroup, and Bank of America.

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