Freddie Mac - Fannie Mae Bail-out? - 07/16/08 03:57 PM
There are a lot of mixed feelings at present about the Feds decision to standbehind the two largest mortgage holders in the secondary market. Secondary market refers to the business entities which purchase mortgage paper from primary lenders, like your bank. Purchasing these mortgages, usually bundled, from your bank, frees up (0 comments)
Mortgage Mess vs. Real Estate Mess - 07/16/08 03:28 PM
This blog entry was originated by Lenn Harley of Rockville, Maryland, and she gave me permission to post it here today. I thought it a worthwhile read. I am following shortly with my own reflections and take on the backing that Freddie Mac and Fannie Mae have been assured by their sponsor, the Federal (0 comments)
Better News from National Association of Realtors - 07/03/08 12:05 PM
According to the National Association of Realtors, existing home sales increased nationwide in May as buyers finally began to take advantage of the lower home prices. Foreclosures and short sales, no doubt, influenced this increased activity in the market. Actual numbers vary from region to region, but the big picture is (0 comments)