Comments on: Fannie Mae’s Losses Triple – And Wall Street Yawns http://realestate.bryanellis.com/346/fannie-maes-losses-triple-and-wall-street-yawns/ Unbiased Real Estate Intelligence For Affluent Investors Wed, 18 Jan 2012 15:39:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeffrey Smith http://realestate.bryanellis.com/346/fannie-maes-losses-triple-and-wall-street-yawns/#comment-1731 Jeffrey Smith Sat, 09 Aug 2008 20:33:43 +0000 http://www.freerealestatetraining.com/?p=346#comment-1731 An investor friend with 14 rental houses is complaining (for about the last six months) that the credit crisis is still here. He is having trouble refinancing his 14 houses, even though he is an eye doctor with very good income and credit. I suggested trying a commercial lender and get a blanket mortgage on his properties with partial releases so he can sell them individually. Another complaint is that home buyers with very good credit are getting declined after waiting three months for a loan commitment. Home sales are failing mostly because of the lack of financing. As far as what Wall Street is thinking, who knows? Russia just invaded Georgia, thousands are dead and Georgia has a vital oil pipeline that western countries (like the USA) need. Wall Street never blinked once and rose about 300 points on that day. Maybe it's just another dead cat bounce? <strong>Sure, that's possible. Why would one be inclined to come to that conclusion? -- <a href="http://hubpages.com/hub/Bryan-Ellis" target="_blank" rel="nofollow">Bryan Ellis</a></strong> An investor friend with 14 rental houses is complaining (for about the last six months) that the credit crisis is still here. He is having trouble refinancing his 14 houses, even though he is an eye doctor with very good income and credit. I suggested trying a commercial lender and get a blanket mortgage on his properties with partial releases so he can sell them individually.

Another complaint is that home buyers with very good credit are getting declined after waiting three months for a loan commitment. Home sales are failing mostly because of the lack of financing.

As far as what Wall Street is thinking, who knows? Russia just invaded Georgia, thousands are dead and Georgia has a vital oil pipeline that western countries (like the USA) need. Wall Street never blinked once and rose about 300 points on that day.

Maybe it’s just another dead cat bounce?

Sure, that’s possible. Why would one be inclined to come to that conclusion? — Bryan Ellis

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