Federal Housing Finance Agency To Sue Big Banks Over Toxic Mortgages

September 3, 2011 by

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

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Filed Under: Mortgage, Real Estate, Residential, US Real Estate Tagged With: , , , , , , mortgage crisis, , , ,

Bernanke Refuses To Flush Toilet, Economy Begins To Really Stink

August 10, 2011 by

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

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Filed Under: Commercial Real Estate, Mortgage, Real Estate, Real Estate Investing, Realtors, Residential, US Real Estate Tagged With: , , , , , , , , , ,
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