The New York Times is reporting that the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, is planning to sue more than a dozen big banks for misrepresenting the quality of mortgages that were sold at the height of the housing boom. The suit alleges that the banks who packaged and sold
FHFA Press Release – 250,000 Foreclosures Converted To Rentals?
August 12, 2011 by
In a press release dated August 10, 2011, The Federal Housing Finance Agency is seeking comment on the idea of transitioning foreclosed homes into rental property, by selling the houses off to investors, who would then be required to offer them as rental property. FHFA oversees Fannie Mae and Freddie Mac, the two GSE’s who
Rural US States Staging a Recovery
June 30, 2011 by
Although the national housing market is still treading water, rural states appear to be faring a little better, according to economic forecasters. Certain states such as Alaska, Iowa, North Dakota and South Dakota have economies which are dependent on sectors which are performing more strongly, such as energy, agriculture or industry. Although house prices
