Making mortgage payments on an underwater loan? You deserve a break too.
Sunday, March 13th, 2011The government has bailed out Wall Street firms, giant banks, creditors of Fannie Mae and Freddie Mac – and is trying to bail out people who’ve defaulted or are about to default on their mortgages.
Central Banks Cut Holdings of U.S. Agency Debt by 7% This Week
Sunday, March 13th, 2011Central banks outside the U.S. are among investors that cut holdings of debt from government- related companies including Fannie Mae and their mortgage bonds by $57 billion in a week, according to Federal Reserve data.
GMAC Halts Foreclosures in 23 States for Review
Sunday, March 13th, 2011GMAC Mortgage, one of the country’s largest and most troubled home lenders, said on Monday that it was imposing a moratorium on many of its foreclosures as it tried to ensure they were done correctly.
GMAC Halts Foreclosures in 23 States for Review
Sunday, March 13th, 2011GMAC Mortgage, one of the country’s largest and most troubled home lenders, said on Monday that it was imposing a moratorium on many of its foreclosures as it tried to ensure they were done correctly.
FHA set to offer new reverse mortgage option
Sunday, March 13th, 2011The Federal Housing Administration said Wednesday that beginning Oct. 4, it will offer a new reverse mortgage option with drastically lower up-front fees than its standard version.
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