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 homeowners
Mortgage Bonds Booming
Residential mortgage bonds, the center of the financial crisis not long ago, are once again darlings of the financial market. READ MORE »
Ahead of the Bell: September Home Sales
Home sales may be coming back a bit, but they have a long way to go before they recover from the worst summer in more than a decade. READ MORE »
Cost of Seizing Fannie and Freddie Surges for Taxpayers
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. READ MORE »
Hard Money Lending to Hit $2-Trillion
Homeowners and business owners alike are borrowing money to keep their homes and commercial properties at high interest rates by the droves, sending hard money lenders busily searching for more cash to loan. READ MORE »