Reuters - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.
Wednesday, July 28, 2010
Reuters - Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.
Wednesday, July 21, 2010
The number of foreclosures this year is on track to top one million. This is an unbelievable number. Isn't this scary for anyone investing in real estate? Or is it opportunities to build great wealth?
Wednesday, July 21, 2010
See the news today? Standing out in a sea of bad news, experts now estimate over one million American homes will be foreclosed this year. More than half a million have already been lost to foreclosure since 2010 began. In a "normal" year, the U.S. sees only a tenth as many foreclosures.
Wednesday, July 14, 2010
AP - More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans.
Wednesday, July 14, 2010
AP - More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans.
Monday, July 12, 2010
BusinessWeek - As the White House pushed for a Wall Street overhaul this year, Republicans hammered Democrats for ignoring two of the biggest problems in American finance: Fannie Mae (fnm.) and Freddie Mac (fre.). The government-backed mortgage giants have cost taxpayers $145 billion and counting. Now, with work on the 2,300-page financial-regulation bill all but complete, the Obama Administration will soon turn to revamping the pair of institutions that own more than half the nation's $11 trillion in residential mortgages. The political struggle could be long and bitter.
Monday, July 12, 2010
BusinessWeek - As the White House pushed for a Wall Street overhaul this year, Republicans hammered Democrats for ignoring two of the biggest problems in American finance: Fannie Mae (fnm.) and Freddie Mac (fre.). The government-backed mortgage giants have cost taxpayers $145 billion and counting. Now, with work on the 2,300-page financial-regulation bill all but complete, the Obama Administration will soon turn to revamping the pair of institutions that own more than half the nation's $11 trillion in residential mortgages. The political struggle could be long and bitter.
Thursday, July 1, 2010
U.S. News & World Report - Distressed properties made up 3 in 10 homes sales in the first three months of the year, as the foreclosure onslaught continues to sandbag a real estate recovery.
Thursday, July 1, 2010
U.S. News & World Report - Distressed properties made up 3 in 10 homes sales in the first three months of the year, as the foreclosure onslaught continues to sandbag a real estate recovery.
Friday, July 30, 2010
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