Mercer Island Property set for Auction (Seattle Times)

Mercer Island property once listed for $40 million is going up for auction in April By Eric Pryne Seattle Times business reporter Next up: A 23,00-square-foot Mercer Island waterfront mansion, complete with a 12-foot Chihuly chandelier in the entry, a 66-foot indoor saltwater pool, a stocked trout pond and two count ‘em, two wine cellars…. Read More

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Fannie Mae and Freddie Mac start buying back bad loans (Seattle Times)

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… Read More

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