It’s Time to Declare Mortgage Independence from the Federal Government – This is how we can do it

If you’re in the mortgage, real estate, or investment fund management business, please lend me your minds. There were three major risk factors behind the credit bubble: risk for votes, risk for profits, and risk from over-reliance on technology. There are two solutions that will effectively address them and restore trust, accountability, and liquidity to […]

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Brief Summary of Plan to Restructure and Transition the U.S. Mortgage Market

The plan for restructure of the national secondary mortgage market calls for the creation of at least 12 regional, extremely well capitalized, single purpose nonprofit mortgage securitization firms. They are to be initially funded with $3 billion from Fannie Mae’s and Freddie Mac’s earnings, or $250 million for each entity, to avoid using taxpayer funds. […]

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Texas Mortgage Guaranty Corporation Video 2013

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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 […]

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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 […]

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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 […]

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Video on a Practical, Sound Mortgage Market Solution

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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 […]

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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 – […]

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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 […]

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