Relevant:
- Housing Recovery Signals Are Real This Time, Says S&P
- Will Fannie/Freddie Reform Lead to Lower Home Values, More Foreclosures?
- FHA Has Stepped Into The Low/No Downpayment Void--But Not At No Cost
- Revisiting a friendly bubble in Culver City -- A median home price of $680,000 and typical household income of $66,000. An example of a $300,000 pending price cut and the hidden impact of home equity loans
- Existing Home Sales Trending Higher. Distressed Sales Pressure Prices Lower
2008-06-05 — minyanville.com
"... the impact of lower existing home prices on Fannie Mae (FNM) and Freddie Mac (FRE), to me an as large, if not larger issue, is the impact of these lower prices on existing home equity loan portfolios."
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