Post Tagged with: "Mortgages"
Mortgage Deal for Foreclosed Owners will soon be a reality
New York and California will join just about all the other states in a settlement with the nation’s largest banks aimed at helping homeowners struggling with loans bigger than the value of their homes, according to a person familiar with the talks. A few other states were still on the fence as of late Wednesday, [...]
Fannie Mae to sell $2 billion bills on Wednesday
Fannie Mae (FNMA) , the largest U.S. home funding company, said on Monday it plans to sell $2 billion bills on Wednesday, Oct. 19, in a Dutch auction. The auction will include $1 billion of three-month benchmark bills due Jan. 18, 2012, and $1 billion of six-month bills due April 18, 2012. In such uniform [...]
Mortgages Getting Tough to Finance
Starting Saturday, the beleaguered housing market will confront the latest hurdle to its recovery: The size of mortgages that the federal government can back will be drastically reduced in high-priced regions. When the bubble burst, mortgage banks had virtually stopped lending, except for government backed mortgages, which were capped at $417,000. Buyers of high-priced homes, [...]
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