Got Foreclosure! - Blog

Will the Fed’s takeover of mortgage giants Fannie Mae and Freddie Mac help investors and home buyers?
Well, it might. The takeover is designed to shore up liquidity of the largest mortgage purchasers so that loan originators don’t get stuck with their newly originated loans.
In many cases, loan approval for qualified buyers was slow because loan [...]

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Foreclosures, banking and housing woes are front-page news almost every day these days. The subject has caught up with the War In Iraq as the most important battle in public attention.
Today’s WSJ discusses the prospect in it’s lead article that lenders could be compelled by the Feds to reduce principal balance on troubled loans where [...]

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