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Recent Featured Articles
How Ginnie Mae Works To Help Low Income Americans Find
Affordable Housing
We know a lot about Fannie Mae and Freddie Mac, but not enough about Ginnie Mae. A
guaranty from this Government Sponsored Enterprise (GSE) allows lenders to get a better price
for their mortgage loans in the secondary market. The
lenders then have fresh money to fund new
mortgages.
read more...
Banks Created The Foreclosure Mess: Now They Want To
Profit From Renting Distressed Houses
The major banks have thrown their hats into the housing rental ring. Earlier this year the Obama
Administration proposed renting the thousands of
foreclosure houses across the nation. The
Administration asked the public and the professionals for ideas to help manage a program that
would turn about 180,000
foreclosures into rental properties. The banks were quick to put forth
several ideas which could see them becoming major
landlords. read more...
Consumer Financial Protection Bureau Ready To Hear
Complaints About Home Loans
The new federal agency, Consumer Financial Protection Bureau (CFPB), is ready to hear the
million of complaints and inquiries
about mortgages. The agency will hear how the banks lost
documents, how lenders did not respond to
homeowners in a timely fashion, and how
homeowners were refused loan modifications.
read more...