Earlier this week, the FHFA (Federal Housing Finance Agency) managed to get a set of new “short sale guidelines” passed by Fannie Mae, Freddie Mac, and the Mortgage Insurers with which they work. While this is great news on the surface, what does it really mean to distressed homeowners?
2007 Mortgage Debt Relief Forgiveness Act expiring at the end of 2012, is it too late for a short sale?
Are you winning the fight but losing the battle?
Many homeowners are finding themselves in dire straights. More specifically they are finding themselves having to choose between foreclosure or short sale. So which is the right choice for distressed homeowners in today’s market?
The year is 2006, and you’re inside Country Mutual Bank. Surrounding you are a newlywed couple, a family of five, and a hardworking professional who apparently was just promoted. They all have one thing in common, they are buying a house! They spent their time looking for the perfect place that they can call home, […]
Not even the super wealthy will be immune to foreclosures as short sales set to surge this year.
Hold on! It’s not what you think! While it may carry the same stigma and shock as it’s four letter cousin, the F word I am referring to is Foreclosure.
In a shocking turn of events Michael Williams, the current CEO of Fannie Mae, has announced that he will be stepping down from his post.
The Federal Reserve is going to unprecedented lengths to shore up the housing market, and in their latest announcement it seems that they want to spend more Taxpayer money to do so!
