Real Estate News: Do We Need Freddie Mac and Fannie Mae?
September 16, 2011
in This Week in Real Estate Tagged fannie mae, florida, foreclosure, freddie mac, mortgageThere’s a flicker of hope despite the nightmarish poverty and unemployment numbers released in the past week. Signaling that the government is indeed concerned about the housing market situation, top Senate lawmakers started debating housing finance reforms at a Congressional panel. Among the issues taken up were whether to wind down government backed entities Fannie […]
What Causes House Foreclosures?
If you live in any one of the 50 states impacted by the recent mortgage crisis, you may have noticed a large upswing in the number of “for sale” signs in your neighborhood. Many of these homes even have a foreclosure or bank-owned sign in the front yard. In February 2011, approximately 1 in every […]
HUD Foreclosure Grants
What are HUD Foreclosure Grants? HUD Foreclosure Grants refer to $73 million, made available through President Obama’s comprehensive Homeowner Affordability and Stability Plan (HASP). Grants will be distributed by the U.S. Department of Housing and Urban Development to over 500 national, regional and local organizations to provide housing counseling and training in an effort to […]