In light of the Obama administration’s conference concerning what to do with Fannie and Freddie, William Poole, a senior fellow with the Cato Institute, offers his recommendation… shut ‘em down. Read the full Op-Ed in The New York Times
insert-headers-and-footers domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/internetpages/srec.internetpages.net/wp-includes/functions.php on line 6131oxygen domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/internetpages/srec.internetpages.net/wp-includes/functions.php on line 6131In light of the Obama administration’s conference concerning what to do with Fannie and Freddie, William Poole, a senior fellow with the Cato Institute, offers his recommendation… shut ‘em down. Read the full Op-Ed in The New York Times
Authorities have capped a three-year investigation into the defunct Ward Real Estate Brokerage & Foreclosure Services Inc. in Tracy, arresting its chief executive and another woman on charges they stole $4.5 million through a house-flipping scheme promising big returns. Read the full article from The Contra Costa Times
The Department of Housing and Urban and Development (HUD) announced last week that they will give state and local governments and nonprofits participating in the Neighborhood Stabilization Program (NSP) preference to buy its REO at 10% below the appraised value. The new initiative will also give these buyers a 14-day first-look period to consider buying […]
One city in eastern Pennsylvania is taking on owners of neglected property… online. The mayor of Reading recently announced a new online “Wall of Shame,” featuring blighted properties that are scheduled to be torn down unless they are fixed up. The site includes the property owner’s name, photos and the address of the property. The […]
Rumors of a new government-led mortgage refinancing program have surfaced, and sources have confirmed that the White House is considering a refi push that will allow homeowners to lower their mortgage obligations by taking advantage of today’s low interest rates. Some industry experts see this move as a concession that the existing government housing programs […]
The world of short sales is changing yet again. It is occurring in a behind-the-scenes way that most investors won't realize until months from now, and by then it is too late. That’s why it’s imperative that you plan on attending Jeff Watson’s foreclosure investor update Webinar on Thursday Aug. 12 at 7:00pm EDT. Register […]
Democratic U.S. Senate candidate Jeff Greene says he had nothing to do with creating the sub-prime mortgage mess that made him fabulously wealthy. He was simply a savvy investor who "could see that the housing market was imploding" and lucky enough to make more than $500 million by betting against it. Read the full article […]
The lights are going out all over America — literally. Colorado Springs has made headlines with its desperate attempt to save money by turning off a third of its streetlights, but similar things are either happening or being contemplated across the nation, from Philadelphia to Fresno. Read the full article at http://www.nytimes.com
Never before have American homeowners with mortgages held such a thin slice of equity, and never before have so many homeowners been at risk of negative equity. Predicting accurately how many homeowners end up underwater is impossible, as the future of home prices is unknown. But anyone claiming that the number of underwater homes can't […]
Fannie Mae has launched an online resource for homeowners who are struggling with their mortgage payments. KnowYourOptions.com is designed to be a one-stop-shop for anyone facing financial hardship and in need of a foreclosure prevention solution. It provides guidance on how homeowners can work with their mortgage company to identify alternatives to foreclosure for their […]
