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Mortgage, US Real Estate

HARP 2.0 Helping More Homeowners To Refinance

By Mike Wheatley | March 15, 2013
The foreclosure crisis played havoc with real estate markets across the nation, yet some markets were clearly worse hit than others. Now, those areas that suffered the most are leading the nation in refinancings as homeowners look to reduced their monthly mortgage payements and hold onto their homes.
Investing, US Real Estate

FHFA Announces Two Winning Bidders, With Plans To Continue Bulk REO Sales

By Donna S. Robinson | October 16, 2012
FHFA has released some information concerning the results of the bidding for bulk sales of Fannie Mae owned properties. The qualifying process began in the spring, for investment groups that could meet specific FHFA guidelines for capital assets, management capability and other criteria.
Featured News, Investing, US Real Estate

Big Investors Raising Billions To Buy Up Foreclosures

By Donna S. Robinson | September 21, 2012
Between the recent FHFA auctions of Fannie and Freddie foreclosures, and the appearance of mega-investment companies buying individual properties at local foreclosure auctions, the dynamics of the rental property business are changing rapidly.
Mortgage, US Real Estate

Why DeMarco Is Right To Deny Mortgage Write-Downs

By Donna S. Robinson | August 1, 2012
Ed DeMarco, Director of the Federal Housing Finance Agency has announced that FHFA, the regulator charged with managing Fannie Mae and Freddie Mac, will not allow the two mortgage giants to write down the principal balance on tens of thousands of underwater mortgages that they currently hold.
Featured News, US Real Estate

Georgia Shoots To Number One In Foreclosures Nationwide In May

By Donna S. Robinson | July 9, 2012
Georgia, a state that has long held a spot in the top ten for foreclosure activity, has now hit a new record level of foreclosure filings for May of 2012. The state has worked it's way up from number eight back in 2010, number five in 2011, number three earlier this year, and now, it has exclusive bragging rights for the number one spot
Featured News, Investing, Real Estate, Residential, US Real Estate

FHFA Selects Winning Bidders In Round One Of Bulk REO Sales

By Donna S. Robinson | July 6, 2012
Though the specific identities of the winning bidders have not been made public, The Federal Housing Finance Agency is reporting that the winners have been chosen in the initial round of bidding for some 2,500 single-family properties owned by Fannie Mae.
Real Estate, Real Estate Investing, US Real Estate

California Moves to Block Bulk REO Sales

By Mike Wheatley | May 22, 2012
Lawmakers in California have set out to prevent investors taking advantage of the recently proposed ‘REO to Rental’ program from, which would allow buyers to snap up foreclosed homes in bulk, on condition that these homes are then rented out for a stated period of time.
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