by Elizabeth Rush on December 21, 2010
by Jason MacDowell on August 27, 2010
by Jason MacDowell on July 19, 2010
Utah is one of the states hit hardest by bank and Fannie Mae foreclosures. However, home builders in the state are not hindered by such concerns and are demonstrating resilience, particularly during the first half of 2010. Latest reports from the Bureau of Economic and Business Research from the University of Utah showed that new houses for 2010 will be 50% more than those constructed in 2009.
Continue Reading: Utah Construction Thrives Despite Bank and Fannie Mae Foreclosures
by Elizabeth Rush on July 28, 2008
by William Dover on May 26, 2008
For the CEO of Fannie Mae, the housing crisis is only halfway through. In fact, in a meeting with shareholders, President Daniel Mudd stated that home prices are likely to decline further, by as much as 25 percent.
Continue Reading: “Declining home prices, not over” – CEO (Fannie Mae)
by William Dover on March 13, 2008
Fraud allegations made against the Countrywide Financial Corporation brought the Federal Bureau of Investigation at the company’s doorstep. The investigation will involve the examination of underwriting and lending practices as well as possible misrepresentation of subprime loan-related losses. Countrywide, one of the biggest lenders in the nation was acquired by Bank of America last January after its subprime lending operation resulted to billions in losses.
Continue Reading: Troubled Countrywide Faces FBI Probe
by Jason MacDowell on January 10, 2008
It can be overwhelming trying to save for the future. It can seem like every time that you get a small sum of money saved, you need to spend it on a car repair, your child needs braces or that leaky pipe in your home you’ve been ignoring turns into a steady stream of water that demands fixing immediately. There is an answer to your financial woes and it can be found through the purchase of Toledo foreclosure listings.
Continue Reading: Your Ticket to Financial Freedom – Toledo Foreclosure Listings
by Jason MacDowell on November 21, 2007
According to the Federal Reserve, more banks have decided to tighten their lending standards particularly on home loans including traditional prime housing loans, non-traditional mortgages (subprime and “interest only” mortgages). This decision is not remotely surprising as most of the banks have been losing much money over defaulting mortgages. Their large inventory of foreclosure homes are poised to get even bigger as sales activity remains sluggish.
Continue Reading: Banks Tightening Lending Regulations