Month: August 2011

When the Federal Reserve announced last week that they plan to keep interest rates near historic lows through most of 2013, many commercial loan borrowers sighed a sound of relief. Although many Borrowers have already benefitted from historically low interest rates over the past couple of years, most commercial loans only get locked into place…

On Friday August 8th, Standard & Poor’s followed up their Friday August 5th downgrade of U.S. Debt from AAA to AA+ with the downgrade of the debt associated with a number of other agencies including Fannie Mae, Freddie Mac, and the 12 Federal Home Loan Banks to AA+. Although we believe the impact of the…

On Friday August 5th Standard & Poor’s downgraded the credit rating on U.S. Debt from AAA to AA+, while issuing a negative outlook for the future, indicating future downgrades might be possible. While the initial reaction has largely been negative and fear has taken hold of many investors and the markets, in the long run…

Today the world is breathing a sigh of relief that the debt ceiling crisis was resolved yesterday, and the U.S. Treasury was able to meet all of its debt obligations. However, that feeling of debt relief is surely going to be short lasting. Although there was no doubt a default by the U.S. Government in…

Come this fall many residential mortgage markets in the United States are going to see the maximum loan sizes available through Fannie Mae and Freddie Mac reduce. Right now the maximum loan available in the highest price markets is $729,750, and this is set to reduce to $625,500 in those markets this fall. Right now…