Written by Fannie Mae and Freddie Mac took over a foreclosed home roughly every 90 seconds during the first three months of the year. They owned 163,828 houses at the end of March, a virtual city with more houses than Seattle. The mortgage finance companies, created by Congress to help Americans buy homes, have become two of the nation’s largest landlords. READ MORE »
Posts tagged borrowers
Euro Gains on ECB Relief
The euro gained against the dollar, as lower-than-expected demand for a European Central Bank lending program allayed some fears over the region’s banking sector. READ MORE »
Securing Residential Hard Money Lenders
A good investor like you must learn how to secure residential hard money lenders even before he needs them. This practice is very simple but it can do great things to your real estate investing business, especially if you want to earn money fast. If you already know where to look for hard money lenders, you don’t really need to exhaust yourself before you get to close a deal. READ MORE »
Home Prices in 20 U.S. Cities Rose More Than Forecast
Home prices in 20 U.S. cities rose more than forecast in May from a year earlier as a government tax credit temporarily underpinned sales. READ MORE »
Foreclosure activity rises in most major metropolitan areas
Foreclosure activity climbed in three-quarters of the largest U.S. metropolitan areas in the first half of 2010, compared with the same period a year ago, but declined in some of the nation’s hardest-hit regions, according to data released Thursday. READ MORE »