The world is in recession, various segments of the economy either skyrocketing or the bottom is dropping out– it’s hard to imagine there are any valid reasons to take on the responsibility of home ownership with all the catastrophic economic news the media feeds us on a daily basis. But perhaps these are precisely the [...]
Entries Tagged as 'Real Estate Market'
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
Foreclosures up 57%?
April 15th, 2008 · 1 Comment · Credit Counselor Front Lines
Well, actually, you have to read the fine print. They are up 57% from one year ago. But March’s figures were up 5% from February, so no matter how you slice it, things are getting bad. And I predict they will get worse.
According to a Reuters story today, the 4 top states for [...]
Tags: Foreclosures·Home·Mortgage·Price Appreciation·Real Estate Market
