A Bronx judge has ordered Fannie Mae to answer charges that it is neglecting three dilapidated rental buildings for which it holds the mortgages as they wind through the foreclosure process.
Full Article at Crain's New York
A loan modification occurs when the owner of a mortgage agrees to alter one or more of the following elements of the loan: the interest rate, term, and/or principal balance. It is important to understand who is the true “owner” of the mortgage.
Full Article at Naples Daily News
By Christina S.N. Lewis Reports that Goldman Sachs Group Inc. is negotiating to buy affordable-housing tax credits is the latest sign that the market for the credits could be on the road to recovery after more than two years of disarray.Demand for the...
Full Article at Wall Street Journal
October 29, 2009 -- WASHINGTON, DC – Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: extension of the First Time Homebuyers...
Full Article at All American Patriots
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