Tag Archive: fannie mae

Sep 19

Selling Foreclosures to the Highest Bidder

Bank Apathy

Do you think it is right that Fannie Mae has recently completed a deal with California based company, Pacifica, to sell off over 699 occupied and vacant single-family homes?   Whether you feel it’s right or wrong, on September 6th Fannie Mae closed the deal worth over $12 million to sell off homes located throughout …

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Aug 28

The Ins and Outs of America’s Recent Credit Rating Downgrade and How It Will Affect You

wall st

Basically, the situation with the recent credit rating downgrade of the nation is comparable to what would happen if an individual’s score declined. The riskier the customer, the more they have to pay in order to borrow money, and unfortunately, if the government has to pay more, then so will you. Mortgages – Fixed rate …

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Aug 10

Fannie mae not immune to foreclosure lawsuit

fannie-mae

Amidst reports that Fannie Mae has actually been encouraging foreclosures rather than loan modifications, Michigan state officials are suing Fannie Mae. Despite the fact that the Obama Administration is supposed to be supporting homeowners who wish to be able to stay in their homes, this practice is being conducted by Fannie Mae. Michigan has experienced …

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