Filed under: Market matters, Federal Natl Mtge (FNM), Wells Fargo (WFC), Housing, Cramer on BloggingStocks

From TheStreet.com Network

• Bank Buyout Boom Stalls Before It Starts
• Five Dumbest Things on Wall Street: Nov. 6

TheStreet.com’s Jim Cramer states the bears simply won’t hear the positives — but he’ll keep hammering them home.

Lots of things are coming together for housing, but nobody seems to care. We’d Wells Fargo (NYSE: WFC) (Cramer’s Take) the other day offer attractive interest-only mortgage loans to those in trouble, a bet that eventually housing will go higher. We had Fannie (NYSE: FNM) (Cramer’s Take) allow people in trouble to rent to stay in their homes, and the government is going to extend the tax credit for homebuyers and broaden it. Plus, mortgage rates went under 5% again.

But nobody cared. No one.

Continue reading Cramer on BloggingStocks: Standing firm but alone on housing

Cramer on BloggingStocks: Standing firm but alone on housing originally appeared on BloggingStocks on Fri, 06 Nov 2009 09:20:00 EST. Please see our terms for use of feeds.

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This entry was posted on Friday, November 6th, 2009 at 8:55 am and is filed under Real Estate and Housing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.