Articles About Home Ownership

Author:
Tom Silva
Posted:
06.19.2012

Median Family Wealth Slid 40 Percent During Recession

While the American public was bailing out Wall Street, those same taxpayers saw their families’ net worth decline by nearly 40 percent. The recession took roughly 20 years of Americans’ wealth, according to government data, with middle-class families faring the worst.  According to the Federal Reserve, the median net worth of families plummeted by 39 […]

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Author:
Mike Ochs
Posted:
08.17.2011

One Solution to Rundown Foreclosed Houses? Bulldoze Them

Several banks have found a new solution to the glut of foreclosed houses – many of them in poor condition.  It’s the bulldozer. Bank of America (BoA) owns a glut of abandoned houses that no one wants to purchase.  As a result, the nation’s largest mortgage servicer is bulldozing some of its most uninhabitable inventory.  Additionally, […]

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Author:
Jafer Hasnain
Posted:
11.30.2009

Fannie Mae Program Seeks to Keep Families in Their Homes Rather than Foreclose

Homeowners facing foreclosure will soon be able to rent their homes from the government controlled Fannie Mae. Called Deed to LeaseTM,  the program lets homeowners transfer ownership of their home to Fannie Mae. They then sign a one-year lease, with the option of month-to-month extensions available.  Fannie Mae will try to sell the homes during […]

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Author:
Jafer Hasnain
Posted:

Fannie Mae Program Seeks to Keep Families in Their Homes Rather than Foreclose

Homeowners facing foreclosure will soon be able to rent their homes from the government controlled Fannie Mae. Called Deed to LeaseTM,  the program lets homeowners transfer ownership of their home to Fannie Mae. They then sign a one-year lease, with the option of month-to-month extensions available.  Fannie Mae will try to sell the homes during […]

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