"To speed up the disposition of the 54,000 foreclosed properties it owns, Fannie Mae is opening offices in California and Florida and is considering selling those properties in bulk to investors. "I do not think this is a time to be holding onto (foreclosed properties) hoping for a better day," CEO Daniel Mudd said last week.

...President Bush last month [July 2008] signed sweeping housing legislation that aims to prevent foreclosures by allowing homeowners to swap their mortgages for more affordable loans, but only if their lender agrees to take a loss on the initial loan"

 

Keep Reading - Foreclosure Filings Up 55%

Related Post

 
This post has been included in California Information

0 Comments on Government stems housing crisis?

Leave a response…

(optional)
What does the graphic say?
 
Rainmaker_large

Lynnette Phillips Real Estate Consultant

Yucaipa, CA

More about me…

Home Pride Mortgage

Address: Yucaipa, CA, 92399

Cell Phone: (909) 327-8600

Email Me

**The Posts and Comments contained in this blog are not intended as legal advice.**

<!-- EngineSeeker.com Stats Code --> <!-- EngineSeeker.com Stats Code --> ImageChef.com - Custom comment codes for MySpace, Hi5, Friendster and more


ActiveRain.com
<!-- SiteSearch Google -->

Real Estate Blogs Directory - Directory of real estate blogs and blogs of industries affiliated with and serving the real estate industry.

Blog Directory

blogarama - the blog directory

Debt settlement with Debtconsolidationcare

Subscribe to RSS headline updates from:
Powered by FeedBurner

Web RSS by FeedBucket.

Learn from more than 110000 people how hey got out of debt?

My Zimbio
Top Stories



Links

Archives

RSS 2.0 Feed for this blog

Find CA real estate agents and Yucaipa real estate on ActiveRain.