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Featured News, Housing

FHFA tells Fannie & Freddie to focus on housing affordability in 2022

By Mike Wheatley | November 22, 2021

Fannie Mae & Freddie Mac to raise loan limits to almost $1 million in some areas

By Mike Wheatley | November 19, 2021

Prompted by a massive rise in home prices over the last year, Fannie Mae and Freddie Mac are reportedly planning to revise the maximum size of the mortgages they’re prepared to back next year. According to the Wall Street Journal, the government sponsored entities are willing to increase their loan limits to almost $1 million […]

Featured News, Mortgage, Real Estate, US Real Estate

Scammers out in Front of National Mortgage Settlement Deployment

By Broderick Perkins | March 9, 2012

Looking to re-victimize those already suffering abusive foreclosure practices and mortgages they can't afford, scammers are moving faster than the bureaus deploying the National Mortgage Settlement.

Cook County Passes Ordinance to Regulate Vacant Homes

By Tavis J. Hampton | December 15, 2011

Today the Cook County Board passed an ordinance that will introduce regulations for vacant homes. The ordinance is similar to one that the city of Chicago recently instituted and will cover the non-incorporated areas in Cook County. The move comes in spite of the fact that the Chicago ordinance is now involved in a federal […]

Real Estate, US Real Estate

Lawmakers Looking to Block $12.79 Million Bonuses

By Allison Halliday | November 14, 2011

Government-controlled mortgage finance firms, Fannie and Freddie, have received around $169 billion of taxpayer’s money in an effort to prop them up, but it was recently revealed the firms were paying just 10 executives around $12.79 million in bonuses. This unwelcome news has prompted lawmakers to look at ways of blocking these hefty bonus packages, […]

Featured News, Real Estate, US Real Estate

Federal Regulators Plan to Overhaul Mortgage Refinance Program

By Allison Halliday | October 25, 2011

Plans have just been revealed for federal regulators to overhaul a mortgage refinance program, and the White House hopes this will help to revitalize the housing market. This latest overhaul would allow homeowners to refinance their mortgages regardless of whether or not they are "underwater," making this extremely significant for those homeowners in states where […]

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