In new twist, a builder in Houston is now offering to buy a home back from the buyers within the first 2 years they own it if they decide to sell. Although the details are murky at this point, these $700,000+ homes are in a strong market, and the builder is counting on prices to remain strong.
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08/19/2008
Fannie Mae and Freddie Mac's quasi-government status has always been a sore point for free market investors. It now looks like the biggest buyers of Mortgage-Backed Securities are pulling back from their stated purpose as organizations. Both groups were created to buy loans from banks, thereby f
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08/18/2008