Fannie Mae to adopt Foreclosure Avoidance Program similar to government HAFA already in place Beginning August 1, 2010 FANNIE MAE backed loans will be eligible for a foreclosure avoidance program similar to the current HAFA program already in place to...

A record number of homes were lost to foreclosure in the US in the first quarter of 2010. According to RealtyTrac Inc. the number of U.S homes taken over by banks is up 9% the first quarter compared to a year ago. Additionally, households facing foreclosure...

Rising Interest Rates, Homebuyer Tax Credit expiration and possible changes in FHA lending could make it harder to qualify to purchase a home. If you are looking to purchase a home, NOW is the time. Interest rates will most likely take a jump when the...

The government program that gives homebuyers that have not owned a home in the past three years an $8000 credit is set to expire on November 30th. Since the purchase of homes is critical to the recovery of our economy; much more so than giving $4500 for...

The government and the journalists seem to leave out some of the important stuff when they tout the "wonderful" lending opportunities of Fannie Mae and Freddie Mac government backed loans. We need to remember that Fannie and Freddie are in the...