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Property Crossroads - Real Estate Info

July 24th, 2008

Rescuing the U.S. homeowner?

t finally happened yesterday: The U.S. House of Representatives approved a sweeping measure that provides aid to U.S. homeowners facing foreclosure and assistance to mortgage giants Freddie Mac and Fannie Mae.

By Dan -- 0 comments

July 19th, 2008

Bad news on the radio

When you travel across the country, as my family and I did the last two weeks, you hear a mishmash of radio stations. Some stay in range for a mile or two, some for half a state. This gave me a good chance to hear what people from Chicago to southern Virgnia had to say about the state of the housing market.

By Dan -- 0 comments

June 24th, 2008

Turning to your employer to avoid foreclosure

As housing foreclosures across the country continue to rise, a small, but growing, number of homeowners are turning to their employers for help.

By Dan -- 0 comments

May 21st, 2008

Senate approves housing-assistance package

Following their colleagues in the House of Representatives, members of the U.S. Senate Banking Committee yesterday approved legislation that would help homeowners in danger of losing their residences to foreclosure.

By Dan -- 0 comments

May 18th, 2008

Fannie Mae drops controversial “declining market” policy

Now that Fannie Mae has discontinued its “declining markets” policy, borrowers in markets where housing prices have been falling can still get mortgage loans with a 95 percent loan-to-value ratio.

By Dan -- 0 comments

December 19th, 2007

Fannie Mae write-offs tops in Michigan, Ohio

Fannie Mae, which the Associated Press reports funds one of every five home loans in the United States, has written off $185 million of mortgage loans made to homeowners in Michigan and $101 million to those in Ohio. This means that Fannie Mae has decided that it has no chance of recovering any payment on these loans.

By Dan -- 0 comments