Articles About Foreclosures

Nine million homeowners can breathe a preliminary sigh of relief.  They may get to keep their homes now that President Obama has unveiled his ambitious – and larger than expected — $75 billion mortgage relief plan.  At the same time, the Treasury Department will double the size of its support of Fannie Mae and Freddie […]

Stressed single-family homeowners trying to pay their mortgages might be in for some relief after a recent move by Fannie Mae and Freddie Mac, the nation’s leading mortgage-finance issuers.  Since being placed under a government conservatorship in September, Fannie and Freddie have devised a plan to help homeowners who are 90 days behind in their […]

Housing prices in the United States plunged a record 16.3 percent during July, compared with the previous year.  According to Standard & Poor’s/Case-Shiller Home Price Indexes, this indicates an ongoing home-price decline now in its second year. The S&P/Case-Shiller composite index of 20 metropolitan areas declined 0.9 percent in July, when compared with June.  That […]

As the United States government commits a bare minimum of $100 billion of taxpayer money to bail out Fannie Mae and Freddie Mac, the final reckoning depends on how effectively Washington runs the mortgage powerhouses. According to the Christian Science Monitor, with the sheer magnitude of Fannie and Freddie – with $5 trillion in home […]