Fannie Mae outsourcing scandal. Fannie Mae is outsourcing U.S. loss mitigation jobs to India! Entire companies are being shut down here because apparently the “government sponsored entity”, Fannie Mae is getting a better deal elsewhere. Leave your comment below if you have any knowledge about this and if you think this policy deserves media attention! [...]
Bank owned foreclosures and short sales hinder the housing recovery, according to analysts at CBS Market Watch. Inventories are at their peak levels, and the rumors about “shadow inventory” are holding up strong. However, most analysts are basing their findings on national data, which can be far more convoluted and confusing than local data sets. [...]
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 [...]
