Fannie Mae’s Property Website: HomePath.com
The first to FAQs on Fannie Mae’s website probably describe it best: Why does Fannie Mae have properties for sale? Fannie Mae works with all of its partners to help homeowners prevent and avoid foreclosure; however, sometimes …
Is Fannie Mae Setting a Precedent?
CNN reported this story on Friday. I’m conflicted. It’s sweet but rewarding someone for inflicting harm on themselves? Not as though Fannie Mae can afford charity these days. Addie Polk, 90, of Akron, Ohio, became a symbol of …
What is the Government Going to do with Freddie Mac and Fannie Mae
It looks like a federal bailout of mortgage backers Freddie Mac and Fannie Mae may happen as early as today. “It could cost taxpayers billions.” It is reported that a million more houses will enter foreclosure in 2008 …
Monday Morning Real Estate Muse
1) Freddie Mac reported losses of $1.9B and Fannie Mae lost $2.4B. Fed Chairman, Paulson, says they will not be injecting public funds into either enterprise. 2) 2356 NW Hoyt is one of about 39 surviving homes in …
$300 Billion and the Housing Market
The combined net worth of the six richest individuals in the world is $310B (forbes.com). On Friday, the senate passes a bill that would put $300B towards rescuing Fannie Mae and Freddie Mac and supporting mortgagees who in …
Fannie Mae Home Valuation Protection Code
Fannie Mae is working with regulators to set standards for home appraisals. The Fannie Mae Home Valuation Protection Code. From the press release: First, to help ensure appraisal independence and valuation protection, Fannie Mae will adopt a Home …