Two possibilities for expanding private sector lending The future of Fannie Mae and Freddie Mac, the two secondary market behemoths that became wards of the federal government in September 2008, is in limbo. Virtually all politicians on the national scene would like to get rid of them, none more than their previous political champions for …
Continue reading ‘Two possibilities for expanding private sector lending’ »
Choosing a reverse mortgage: fixed vs. adjustable FHA-insured reverse mortgages, called Home Equity Conversion Mortgages (HECMs), can be a life-saver for elderly homeowners short of income. While aftershocks from the financial crisis have caused the amounts that homeowners can draw under the program to be reduced, borrowers now have more options than they had before …
Continue reading ‘Choosing a reverse mortgage: fixed vs. adjustable’ »
“Year-over-year, the number of completed foreclosures decreased about 19 percent to 69,000 in March 2012 compared to 85,000 in March 2011, according to CoreLogic’s National Foreclosure Report for March. Month-over-month, with the number of completed foreclosures in February 2012 at 66,000, foreclosures increased about 4.5 percent in March 2012. On a quarterly basis, foreclosures decreased …
Continue reading ‘Foreclosures Down to 69,000 in March, Inventory Also Down’ »
The number of completed foreclosures in February 2012 was down on a monthly basis and slightly on a year-over-year comparison, but overall, foreclosure inventory has decreased compared to a year ago, according to CoreLogic’s National Foreclosure report for February. Completed foreclosures are counted as properties that get auctioned off and purchased by a third party, …
Continue reading ‘CoreLogic: Number of Completed Foreclosures Down for February’ »