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 […]

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 […]

Talk about unintended consequences. On the one hand the goverment is finally trying to put an end to the toxic mortgage crisis by limiting loans to condos and condo projects that are not solid (a good thing),  but their recent actions and restrictive regulations are making developers put on the brakes (not so good for the economy and […]