Texas Mortgage Guaranty Corporation Video 2013

Please click “read more” to view the video

Read more

The Texas Mortgage Guaranty Corporation 2013

This is a proposal for the State of Texas to sponsor the creation of a standalone 501(c)(3) nonprofit mortgage securitization corporation for the primary purpose of purchasing Texas originated mortgage loans, securitizing them into pools of prime quality mortgage-backed securities (MBS) and selling the securities to long term investors around the world to ensure the […]

Read more

How to Restore and Enhance Texas Property Tax Revenues/School Funding Without Raising Tax Rates

• As a result of the 2008 financial crisis, non-conforming (or Jumbo) home mortgage financing in Texas disappeared. Washington recognized the need to fill the gap, so they quickly created a Jumbo Conforming category with a maximum amount of $729,750 for Conventional and FHA mortgages in designated “high cost” areas mainly on the east and […]

Read more

How and Why to Fund the Texas Mortgage Guaranty Corporation – by Rick Baron

We Texans have a golden opportunity to do something truly important. It’s a game changer and will take political courage and determination to implement, but it has the potential to benefit all of us in a number of ways. The window of opportunity is small, and we need to act quickly for it to become […]

Read more

Video on a Practical, Sound Mortgage Market Solution

Read more

October 2011 Status and Revised Strategy to Create the Texas Mortgage Guaranty Corporation

It’s been a while, so I apologize for the lack of communication. The fine gentlemen at the Texas A&M Real Estate Center turned out to be a yellow light instead of a green or red light. They raised some valid questions about the project’s functionality and acceptability in the secondary market, and I had neither […]

Read more

Form, Function and Purpose of the Proposed Texas Mortgage Guaranty Corporation -By Rick Baron

I have met with officials from the Texas Department of Savings and Mortgage Lending, the Texas Department of Housing and Community Affairs, and the Texas Mortgage Bankers Association and they all believe this concept has merit and deserves serious consideration. I hope you will consider it and support it as well. Description of Purpose – […]

Read more

10 Reasons We Should Create the Texas Mortgage Guaranty Corporation – by Rick Baron

If you’re a mortgage lender of any type, or a Realtor, a builder, a homeowner, an elected state official, a school teacher, or if you have anything to do with the Texas housing and real estate industry in any way, listen up. This has something to do with you and you need to know about […]

Read more

Status and Strategy for Creating a Texas-only Fannie Mae – by Rick Baron

I met with Commissioner Doug Foster of the Texas Department of Savings and Mortgage Lending last Monday (2/28/11) and TDSML attorney Chris Schneider. They were gracious enough to hear me out and completely understood and saw the value in all of my points. The Commissioner has been working on another project to address the brewing […]

Read more

A Better Way for Mortgage Lending – by Rick Baron

The Fed guys have made their intent clear – Frannie is going away and they intend to push the entire mortgage industry over to the private markets. Attempting to get them to change course this late in the game is an exercise in futility. They’re trying to bury the fact that they caused Frannie to […]

Read more