Sign up for our newsletters    

Sign up for our newsletters   

Baltimore City Paper home page.

Primer on the Federal Bailout of Fannie Mae and Freddie Mac

September 8, 2008
By

Who are Fannie and Freddie?: Fannie and Freddie are private corporations implicitly (until Saturday; now explicitly) backed by the federal taxpayers. Congress chartered both companies (Fannie in 1938, Freddie in 1970) to “create liquidity” in the mortgage market. What’s Liquidity?: When you borrow $200,000 to buy a home and promise to pay that back...
Read more »

Tags: , , , , , ,
Posted in Crash Course | No Comments »

Victim Mentality

July 30, 2008
By

The Sun‘s front page today is dominated by a photograph of a foreclosure “victim.” Veronica Peterson is about to be thrown out of a home she bought in November 2006 with two loans totaling $545,000. The story is about the mortgage bailout plan signed this morning by President Bush, but the new rules–which will...
Read more »

Tags: , , , ,
Posted in The News Hole | 61 Comments »

No Way, Jose

July 11, 2008
By

After more than a month on the lam, Jose J. Morales was arrested on open warrants in Dundalk and is being held without bail in the Baltimore County Detention Center, according to police. Morales, a career thief, drug dealer, and unlicensed contractor who is facing charges in four Maryland counties, was the subject of...
Read more »

Tags: , ,
Posted in The News Hole | 1 Comment »

$300,000 Rowhouse Collapses in Upper Fells

June 13, 2008
By

Daniele Ard says he was working in the bathroom of his three-story rowhouse at 1715 Gough St. when it collapsed. “I just walked out to get my Gatorade,” he says. “And I felt a whoosh of wind. I heard a big boom and a gust of air. I was like, ‘What the hell was...
Read more »

Tags: , ,
Posted in The News Hole | 630 Comments »

Another Dubious Distinction for Baltimore

April 28, 2008
By

Forbes has honored Baltimore by putting it on its Top Ten List of worst housing markets, as measured by inventory overhang and rate of sales. Tip of the blog hat to Baltimore Housing Bubble whose commenters wonder why Detroit and Las Vegas, two undisputed real estate basket cases, failed to make the list.
Read more »

Tags: , , , ,
Posted in The News Hole | No Comments »