Featured News, Mortgage, Real Estate, Residential, US Real Estate

Obama Planning Expansion of Home Affordable Refinance Program

By Mike Wheatley | September 13, 2011
More homeowners will be able to make the most of current low interest rates, after the Obama administration announced plans to expand the two-year old Home Affordable Refinance Program. Addressing a joint session in Congress last week, President Obama said that the government would do everything it could to assist “responsible homeowners” in refinancing their […]
Mortgage, Real Estate, US Real Estate

Freddie Mac and HUD Provide Irene Victims with Mortgage Relief

By Mike Wheatley | September 9, 2011
Homeowners who were affected by Hurricane Irene are to be offered assistance by Freddie Mac, following the massive damage resulting from flooding caused by the storm. Freddie Mac announced that it would offer homeowners impacted by Irene a period of forbearance on their mortgage repayments up to one year, in addition to a 12 month […]
Mortgage, Real Estate, US Real Estate

Obama May Reveal Mortgage Refinancing Plan Next Week

By Mike Wheatley | September 2, 2011
The Obama Administration is rumored to be about to reveal a new program for mortgage relief next week, in order to decrease foreclosure numbers and help homeowners stay in their homes, reports Reuters. Details of the new proposal remain a closely guarded secret, but the speculation is that President Obama is set to unveil a […]
Mortgage, Real Estate, Real Estate Investing, Residential, US Real Estate

FHFA Press Release - 250,000 Foreclosures Converted To Rentals?

By Donna S. Robinson | August 12, 2011
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 […]
Commercial Real Estate, Mortgage, Real Estate, Real Estate Investing, Realtors, Residential, US Real Estate

Bernanke Refuses To Flush Toilet, Economy Begins To Really Stink

By Donna S. Robinson | August 10, 2011
It's been a long hot summer. Employment is barely growing; residential housing prices continue to erode because of too many foreclosures and too few buyers; Commercial Real Estate headed south as delinquent mortgages reached an all time high in July; AIG has had enough with the endless stream of losses on MBS's and is now […]
Mortgage, Real Estate, Residential, US Real Estate

Is "Affordable Housing" An Oxymoron?

By Donna S. Robinson | August 3, 2011
Oxymoron: A figure of speech that combines contradictory terms. Earlier this year, the Obama administration came out in favor of getting rid of Fannie Mae and Freddie Mac. There was and is widespread disagreement over this idea, because Fannie and Freddie along with HUD are supposedly the purveyors of "affordable housing". At Fanniemae.com, they explain […]
Real Estate, US Real Estate

US Treasury Looks at New Plan to Help Homeowners Avoid Foreclosure

By Allison Halliday | July 21, 2011
The US Treasury is exploring a new idea which could help 1 million homeowners avoid foreclosure. A central part of the plan is modifications to delinquent or defaulted mortgages, and it would include reducing the value of the principal by writing it down, bringing fresh capital into the market. This new plan could be applied […]

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