I saw this fun factoid on realestate.AOL.com: if the White House were rented out for seven weeks out of every year, the rental income it would rake in would be close to $4 million! American families have gotten pretty creative in coming up with ways to trim the budget on vacations. So here’s a vacation …
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Lawmakers Want Answers on Bonuses to GSE Execs Lawmakers on Capitol Hill are up in arms over the news that the Federal Housing Finance Agency (FHFA) approved $12.79 million in bonus pay for 10 executives at Fannie Mae and Freddie Mac. Sixty senators put their partisan differences aside and presented a united front in a …
Lenders today continue to battle the headwinds of high unemployment, a stalled economic recovery, and a backlog of bad mortgage loans from the heyday of the housing boom – all contributing to a marketplace stressed with high levels of delinquencies and complex resolutions. While it will take some time to get out from under all …
Continue reading ‘More Households Pay Bills on Time and Live Within Their Means’ »
A new survey shows that Americans’ confusion over mortgage applications has become one of the most challenging aspects of buying a home today. Nearly one-third of respondents said that understanding the mortgage process was the most difficult step in buying a home, according to the survey conducted by MortgageMatch.com, a unit of Move Inc. That was higher than …