Fannie, Freddie to start buying back bad loans
By The Associated Press
WASHINGTON Government-controlled mortgage-finance companies Fannie Mae and Freddie Mac said Wednesday they will buy back troubled loans contained in securities they already have sold to investors.
The two companies are repurchasing mortgage loans for which borrowers have missed at least four months of payments. At the… Read More
Fannie Mae and Freddie Mac start buying back bad loans (Seattle Times)
February 16, 2010 By Leave a Comment
Foreclosures affect on appraisals (Associated Press)
January 17, 2010 By Leave a Comment
Foreclosures weigh on home appraisals
It appears that in neighborhoods with high foreclosure rates, values for all homes are being pulled lower than in areas where there are few or none.
By Alex Veiga
The Associated Press
LOS ANGELES — It wasn’t the first time that Katherine Scheri ruined a real-estate agent’s day with a low property appraisal.
Scheri, a… Read More
Fannie Mae and Freddie Mac Gov’t support (Associated Press)
December 31, 2009 By 1 Comment
Fannie, Freddie prove too big for government to shirk
The government’s Christmas Eve pledge of unlimited financial aid to mortgage giants Fannie Mae and Freddie Mac is to make sure the housing market doesn’t deteriorate further, but it will cost taxpayers much more.
By ALAN ZIBEL
The Associated Press
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AP
These file photos show Freddie… Read More
Condo construction rules could challenge buyers (Seattle Times)
December 20, 2009 By Leave a Comment
Condo construction rules could shut out buyers, hit builders
The Federal Housing Administration has started limiting the number of buyers in condo buildings that can get loans insured by the agency. The rules also put restrictions on buildings with poor finances, too many delinquent owners and a high number of rentals.
By ALAN ZIBEL and ADRIAN SAINZ
The… Read More
Mortgage rates still below 5% (Seattle Times)
December 16, 2009 By Leave a Comment
Mortgage rates still below 5 percent
Mortgage rates rose this week but still remained below 5 percent, Freddie Mac said Thursday.
The Associated Press
McLEAN, Va. —
Mortgage rates rose this week but still remained below 5 percent, Freddie Mac said Thursday.
The average fixed rate on 30-year mortgages was 4.81 percent, up from a record-low 4.71 percent last week…. Read More
