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Sep 03, 2010 - 02:31 PM  
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spacer.gif   Can Washington bring itself to do something about Fannie Mae and Freddie Mac?
Posted by: brian.garis on Tuesday, August 17, 2010 - 09:22 AM
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  Legislation
60 Reads

The Fannie-Freddie turkey shoot
Colin Barr
August 16, 2010, 4:35 pm

The Obama administration will take its first stab at this vexing question Tuesday. Treasury's Conference on the Future of Housing Finance will bring together bankers, investors, housing experts and policymakers in search of a fix for the government-sponsored mortgage investors, which have consumed nearly $150 billion of taxpayer support since their September 2008 takeover.


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spacer.gif   Bernanke: Recovery 'Unusually Uncertain'
Posted by: brian.garis on Wednesday, July 21, 2010 - 04:13 PM
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  Information
107 Reads

By Scott Spoerry and Chris IsidoreJuly 21, 2010: 3:47 PM ET
Washington (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the economic outlook remains "unusually uncertain."

In his prepared testimony for the Fed's semi-annual report to Congress, Bernanke offered the most extensive look yet at the Fed's plans for pulling money out of the system and raising short term rates, as the economy improves. But his outlook did not call for a quick recovery from the Great Recession.


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spacer.gif   Annual Golf Outing a Great Success! Thanks to all our Sponsors and Participants!!
Posted by: brian.garis on Thursday, July 15, 2010 - 09:34 AM
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  Information
124 Reads

MBA thanks all sponsors and golfers for participating in Golfing for Capital District Habitat for Humanity

~GOLD SPONSORS~

Pepsi Corporation
O’Connell & Aronowitz
Rensselaer Honda
Kirchmeyer & Associates
CUC Mortgage
United Guaranty



~SILVER SPONSORS~

Leland JD Armsby III
HSBC
KeyBank Mortgage
Manfred Real Estate Learning Center
Sciocchetti & Associates
The Adirondack Trust Company
Wilber National Bank
Home Funding Finders
Kelleher Herkenham, LLC
Armory Chrysler Jeep
Brown & Brown, Attorneys
Toyota of Clifton Park
Ballston Spa National Bank
Gabriel Eye MD’s
Shank & Falvey Insurance
The Young Families
MGIC
Constanza Contracting
Taylor Freezer of Albany
Albany Pyramid Agency
Zielinski Home Improvements
The Long Family
SMPR Title
Bridgford Foods
Piedmont Law Firm
Century House

~BRONZE SPONSORS~

NBT Bank
Bellini’s Italian Eatery
The Cooley Team, Realty USA-Delmar Office
Cynthia Sobiecki , Licensed Real Estate Salesperson Realty USA
Laura Hegeman, Licensed Real Estate Salesperson, The Mosmen Manning Team/ Realty USA
The Silver Parrot
Wanda Burling, Board Member


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spacer.gif   Info: MBA Explains HR-4173 and 3217
Posted by: brian.garis on Wednesday, June 23, 2010 - 01:24 PM
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  Legislation
150 Reads

The Senate officially passed their financial reform bill, S 3217 Restoring American Financial Stability Act by a vote of 59/39. According to reports they changed it into an amendment to the House’s bill HR 4173. There are now effectively two different versions of the same bill. One passed by the Senate and another passed by Congress. In order for this bill to become law the House and Senate have to convene a committee to assimilate the two versions into one. It will then still require the signature of the President.
Note: ** Be sure to pay close attention to 'Loan Originator Compensation' **

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spacer.gif   Info: Fannie Mae, Freddie Mac to delist from NYSE
Posted by: brian.garis on Wednesday, June 16, 2010 - 01:24 PM
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  Mortgage News
190 Reads

By Chris Isidore, senior writerJune 16, 2010: 11:27 AM ET

NEW YORK (CNNMoney.com) -- Mortgage finance giants Fannie Mae and Freddie Mac were ordered by their federal regulator to no longer trade their shares on the New York Stock Exchange, the agency announced Wednesday. Both stocks plummeted on the news.

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  Other Stories

· Can Washington bring itself to do something about Fannie Mae and Freddie Mac? (Aug 17, 2010)
· Bernanke: Recovery 'Unusually Uncertain' (Jul 21, 2010)
· Annual Golf Outing a Great Success! Thanks to all our Sponsors and Participants!! (Jul 15, 2010)

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