Just as the boat that Freddie Mac and Fannie Mae have been vacationing on prepares to sink due to tropical storm “Subprime”, the government comes to the rescue! President Bush has recently signed the initiative to pass sweeping legislation that will offer up to $300 billion in assistance to troubled homeowners and throw government support […]

Popularity: 29% [?]

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For better or worse, FNMA keeps tightening the reins on those unlucky (not so) few that are going through the foreclosure process. They announced earlier this spring that they were increasing the time period (up a year, to 5 years) that borrowers who have been foreclosed upon would have to wait to be considered to […]

Popularity: 32% [?]

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Many people are finding out they are “upside down” on their home these days if they bought during the real estate crazy years of 2005-2006.  In addition, many those are not able to afford the payments on their mortgages as interest rates rise. In the metro areas that saw the biggest […]

Popularity: 34% [?]

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