The Obama administration, in conjunction with federal regulators and led by the overseer of Fannie Mae and Freddie Mac, according to industry reports, is very close to announcing a pilot program to sell government-owned foreclosures in bulk to investors as rentals.
The Scope of the Problem: There currently […]

So, is this déjà vu, all over again?
Not weighing in on the plans viability, with respect to solving the overall housing crisis issue, but today the federal government announced that it would overhaul a program that lets homeowners refinance mortgage loans at lower interest rates to […]

All that is old is new again! Fannie Mae reported a net loss of $6.5 billion for the first quarter 2011, as a weakening housing market dashed hopes that the company had stabilized. Fannie said  would ask the government for a fresh taxpayer infusion of $6.2 billion after paying dividends to the Treasury. The loss […]

By most accounts, and as outlined and analyzed extensively in a Knowledge@Wharton article, What the Demise of Fannie Mae and Freddie Mac Mean for the Future of Homeownership –  the federally sponsored mortgage giants Fannie Mae and Freddie Mac did not cause the housing and mortgage crisis. But they were a big part of the problem, prompting […]

This is huge news for all of us Real Estate wonks. MERS has just been struck down by a Federal Bankruptcy judge.As reported in NewsUnwrapped – a Blog written by local Baltimorean, Steve Meizlish, with the specific intent of Telling-The-Story-Behind-The-Story — we see what could be the beginnings of the unraveling of the Real Estate infrastructure as we […]

Attorneys who handle foreclosures for Fannie Mae will be able to charge as much as $1,300 per case in the state starting next month, a nearly 40 percent jump (or $350 more), that will make Maryland’s fee one of the highest in the nation. Read the full story … 

According to Forbes’ recent article, Is Fannie Bailing Out The Banks?,  the critics of the giant banks, say ABSOLUTELY. Close observers charge that Monday’s mortgage-putback deal between Bank of America and Fannie Mae and Freddie Mac is nothing more than a backdoor bailout of the nation’s largest lender. And the even bigger question is whether this just the beginning?
The […]

function UpdateTimeStamp(pdt) { var n = document.getElementById(”udtD”); if(pdt != \’\’ && n && window.DateTime) { var dt = new DateTime(); pdt = dt.T2D(pdt); if(dt.GetTZ(pdt)) {n.innerHTML = dt.D2S(pdt,((\’false\’.toLowerCase()==\’false\’)?false:true));} } } UpdateTimeStamp(\’634129853784430000\’);
IF THIS DOESN’T MOVE THE NEEDLE, WHAT WILL? Mortgage rates fell this week to the lowest level on record, giving consumers added incentive […]

We have been searching for even a sintilla of good news, when it comes to the real estate market.  
With regard to commercial real estate, one noted real estate attorney has coined the banks recent leding philosophy as “extend and pretend.” Clearly there exists the “fear of catching a falling knife.”
So the question is, are things really getting any better? […]

Fannie Mae and Freddie Mac to refinance for homeowners with 125% loan to value ratio. YOU READ IT RIGHT …. 
Deja vu all over again!! Read all the details at the Wall Street Journal.

The move lifts current 105% limit to aid more borrowers struggling to make payments.
GSEs to offer new 25 year mortgage for some refinances to accelerate […]