Calculated Risk:
CR Note: This is a guest post from albrt.A great deal has been written in the last year or so about cases in which a court has denied a lender the right to foreclose on a mortgaged house. Lately many of the decisions have in (Read More)
Calculated Risk:
Matt Padilla has an interesting chart on REOs and delinquent loans in Orange County, California: Banks hold few foreclosures. The chart shows the number of REOs (bank owned real estate) has dropped sharply while 90+ day delin (Read More)
Google News - Business:
Los Angeles TimesTreasury Blocks the Sale of Tax Credits by FannieWall Street JournalThe US Treasury blocked Fannie Mae's proposed sale of nearly $3 billion in low-income housing tax credits to Goldman Sachs Group Inc. and Be (Read More)
feeds.latimes.com:
For most of the growing legion of financially stretched families in danger of losing their homes, there is help available -- as long as they don't bury their heads in the sand.
. (Read More)
Wall Street Journal:
Fannie Mae announced Thursday that it will let troubled homeowners rent their homes instead of losing them through foreclosure and eviction. The new program is aimed at providing greater home security to distressed borrowers (Read More)
The Washington Independent:
Pranksters with too much time on the hands are alleviating their boredom by scavaging around Detroit’s ample supply of abandoned and vacant properties, The Wall Street Journal reports. A staff videographer even documented a (Read More)
New York Times:
Fannie Mae, the largest provider of funding for U.S. home loans, said on Thursday bad mortgages and a federal foreclosure prevention program left it with a $18.9 billion loss, forcing it to tap the Treasury again to plug a ho (Read More)
Wall Street Journal:
Chain-store sales rise in October, authorities widen their crackdown on insider trading and a way for people to stay in their homes if they're facing foreclosure
. (Read More)
L.A. Times - Business:
The mortgage giant's move is part of an attempt by lenders to keep a wave of foreclosed properties from slamming a housing market that has shown some signs of recovery. (Read More)
Wall Street Journal:
Fannie Mae plans to allow homeowners facing foreclosure to stay in their homes and rent them. WSJ's Constance Mitchell-Ford breaks down whether this will really help troubled borrowers, in the News Hub.
. (Read More)
Wall Street Journal:
The Dow returns to 10000 and 14 more people are arrested as part of an insider-trading case. The News Hub discusses what's driving the rally as well as the federal crackdown. Plus, Fannie Mae plans to allow homeowners facing (Read More)
BloodhoundBlog:
Yahoo News:Can’t pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a (Read More)
Reuters:
NEW YORK (Reuters) - Fannie Mae, the largest provider of funding for U.S. home loans, on Thursday said it would again tap the Treasury to plug a net worth deficit after bad mortgages and foreclosure prevention efforts resulte (Read More)
SF Gate:
Can't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year. The (Read More)
Calculated Risk:
Press Release: Fannie Mae Reports Third-Quarter 2009 Results Fannie Mae (FNM/NYSE) reported a net loss of $18.9 billion in the third quarter of 2009, compared with a loss of $14.8 billion in the second quarter of 2009. ... Th (Read More)
USATODAY.com Money - Top Stories:
Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a ...
. (Read More)
Wall Street Journal:
The Dow returns to 10000 and 14 more people are arrested as part of an insider-trading case. The News Hub discusses what's driving the rally as well as the federal crackdown. Plus, Fannie Mae plans to allow homeowners facing (Read More)
Wall Street Journal:
The Dow returns to 10000 and 14 more people are arrested as part of an insider-trading case. The News Hub discusses what's driving the rally as well as the federal crackdown. Plus, Fannie Mae plans to allow homeowners facing (Read More)
Wall Street Journal:
Qualifying homeowners facing foreclosure will be able to stay in their homes -- as renters -- under a new program announced by Fannie Mae on Thursday.
. (Read More)