Real Estate Market Could Be Boosted by Former Homeowners

It looks as if this could be the year when the property market is boosted by former homeowners able to reenter the real estate market sooner than they thought. Last year revisions were made to the Federal Housing Administration guidelines during the summer, and were followed by technical updates to Fannie Mae loan approval systems

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Freddie Mac Mulls Action Against Eminent Domain Plan

The city of Richmond, a working-class suburb on the San Francisco Bay in California, has already begun sending out letters to mortgage companies offering to purchase loans. It’s an attempt to reduce loans for homeowners who currently owe more than their property is worth.

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