Fannie Mae launches new site to help homeowners facing foreclosure
Monday, March 14th, 2011Mortgage giant Fannie Mae has launched a new website to help homeowners understand their options when facing foreclosure. The government-operated company is attempting to reduce the $3.2 trillion of mortgages and securities it owns or guarantees.
Unemployed Homeowners to Get $3 Billion in Aid
Monday, March 14th, 2011The Obama administration plans to make an additional $3 billion in aid available to help unemployed homeowners struggling to make their mortgage payments.
Mortgage industry cuts forecast for UK reposessions
Monday, March 14th, 2011The mortgage industry has cut its forecasts for repossessions as the numbers of people losing their properties or in arrears continued to fall.
Mortgage Bonds Pare Relative Declines Amid Worst Trading Month Since 2008
Monday, March 14th, 2011Fannie Mae and Freddie Mac mortgage bonds pared losses relative to Treasuries with the market for government-backed home-loan debt heading for its worst month since 2008 at the height of the global financial crisis.
Lenders predict slow UK mortgage market in 2010
Monday, March 14th, 2011Lenders are predicting a slow mortgage market for the rest of the year despite reporting a 5% lift in loans in July.
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