“If bankers get their way, Floridians facing foreclosure could be kicked out of their homes in as little as three months.”
Archive for January, 2010
” Speaking as someone with more than a passing interest in the fate of precious metals – which is to say, a person who has bet on a continuation of the politically reflexive abuse of the U.S. dollar – I come back again to a question I have periodically asked, “Is there a political limit to the ability of the government to engage in deficit spending?” “
“Stuck with about $300 billion in loans to borrowers at least 90 days behind on payments, Fannie and Freddie have unleashed armies of auditors and other employees to sift through mortgage files for proof of underwriting flaws. The two mortgage-finance companies are flexing their muscles to force banks to repurchase loans found to contain improper documentation about a borrower’s income or outright lies. “
” If the housing crisis was finally over and the overall economy was headed toward recovery, it would still take at least two years for housing starts to recoup, according to market analysts.”
Bzibee and Real Estate, List of Approved short sales
Alison Creamer does a podcast a few times a month on Hampton Roads Real Estate. Lots of information and interviews with local business who support the real estate market. Search Itunes and subscribe . Comments and ranking are much appreciated
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“The Congress for the New Urbanism (CNU), an advocacy group working to reform local development practices, is seizing on House Financial Services Committee Chairman Barney Frank’s (D-MA) recent call for a new system of housing finance to replace government-controlled Fannie Mae and Freddie Mac.”