Genie Heroux's (capecodgenie) Blog

"Today the GSEs Fannie Mae and Freddie Mac merged with the Federal Reserve Bank, the US Treasury Department, Goldman Sachs, Citigroup and JP Morgan Chase to form Gosbank USA. The DJIA rose 280 points on the news. " (itulip.com - 09-08-08) So it goes....What great news! While in the short term, th...

With the passing of the "Rescue Bill" to assist with the housing "crisis" by means of propping up Fannie Mae and Freddie Mac, caveat emptor; if it sounds too good to be true, it probably is. Of course, this is a bailout for the mortgage market, not Fannie and Freddie shareholders. With Fannie and...

While we may think, in a declining market, that moving inventory is a great idea, and short sales would be one way to achieve this---has anyone noticed how long they take? Who has some tips to making short sales short?