Short on Funds for a Down Payment? Freddie Mac Wants to Help!

Reforms targeting Fannie Mae and Freddie Mac were not included in the Dodd-Frank financial regulatory act signed into law by President Obama last month. To many observers, this was a glaring omission given the fact that the two government sponsored entities have required massive injections of government funds currently totaling $145 billion and projected to rise much further. As The Economist described last week, government intervention in the U.S. mortgage market dominates home financing in a manner far exceeding typical government housing support in other developed countries. Read this article for more information on Freddie Mac’s ill advised promotion of home ownership to those who cannot qualify for conventional mortgages.

The Benefits of Renting vs. Owning a Home

The pursuit of the American Dream is one of the common experiences that Americans of all backgrounds have shared for decades. For most Americans, an integral part of the dream involves home ownership. Staking a claim to a piece of real estate can be a very satisfying experience and can help to build strong communities with individuals seeking common goals. However, as we have seen in recent years, home ownership can have its pitfalls for many who are not ready for the responsibility or have unrealistic expectations. Read this article for more details.

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