fannie mae: Nicole's Week in Review
- 08/17/09 08:15 AM
It was a pretty volatile week for mortgage rates, but overall they ended about .25% better than where they began. This was mainly due to a friendly read on inflation via the Consumer Price Index report (CPI). This figure was unchanged for July, but the year-over-year CPI fell 2.1% for July, the largest 12-month decline since 1950. This continues to bode well for mortgage rates, but may not always be the case as CPI figures will likely rise as our economy pulls itself out of this recession. Some more good news last week was Freddie Mac's announcement of a $768 … (1 comments)
fannie mae: So You're Being Evicted because Your Landlord Foreclosed--Now What?
- 03/12/09 05:41 AM
As foreclosure rates sky-rocket, the victims oftentimes lost in the shuffle are renters of foreclosed properties who get the boot after their home is foreclosed upon. Standard practice is to send an eviction letter via certified mail to the tenant giving them 30 days to evict the property once the foreclosure is finalized. Unfortunately, many tenants are not notified of the eviction until after the foreclosure, giving them only a few weeks to find a new home. If finding and moving into a home in a few weeks isn't inconvenient enough, many tenants also loose their security deposit. In managing … (2 comments)
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