The Wall Street Journal reported on Sunday that Fannie Mae announced that they will allow tenants to remain in their homes and avoid eviction, even if the property’s landlord is facing foreclosure. The new rules are expected to take effect on January 9, the expiration date of an earlier initiative announced by both Freddie Mac [...]
Entries Tagged as 'Fannie Mae'
Fannie Mae Discontinues Eviction of Tenants in Foreclosed Homes
December 17th, 2008 · No Comments · Mortgages
Tags: avoid eviction·Fannie Mae·foreclosed homes·Foreclosures·subprime loans·tenant eviction·tenant rights
Feds Announce Take Over of Fannie and Freddie Reality Show
September 9th, 2008 · 1 Comment · Banking, Consumer Debt, Mortgages, Real Estate
Yep, the federal government has made it official: they will be producing and directing a new reality show, entitled “The Fannie Mae and Freddie Mac Show”. Yes, after weeks of anticipation and speculation, Treasury Secretary Henry Paulson announced that the federal government had taken over mortgage giants Freddie Mac and Fannie Mae. Those interested in [...]
Tags: Fannie Mae·Federal Bailout·Freddie Mac·housing crisis·Mortgage Relief·Real Estate Market
Housing Rescue Bill: Fannie and Freddie Get New “Lifejackets”!
July 31st, 2008 · 1 Comment · Mortgages
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 [...]
Tags: Fannie Mae·Freddie Mac·Homeowner Debt Workout·Housing Rescue Bill·mortgage debt·Subprime Mortgage crisis
Foreclosure Fever: Fannie Mae Increases Acceptable Elapsed Time Criteria to 5 Years
June 26th, 2008 · No Comments · Banking, Consumer Debt, Mortgages
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 [...]
Tags: Credit History·Fannie Mae·FNMA·foreclosure·Foreclosure Action·Mortgage Delinquency·Re-established Credit History
