Archive for the ‘ Federal Housing Finance Agency ’ Category

The PE: REAL ESTATE: FHFA steering toward REO bulk sales

  • Written by Administrator
  • Posted August 23, 2012 at 8:15 am

Published: 22 August 2012 – 01:01 PM

Real estate professionals are accusing the Federal Housing Finance Administration and Fannie Mae of moving in a “secretive” way to test a bulk-buying house program in the Inland Empire that will squeeze out consumers, shutter viable businesses and harm an already-fragile housing market recovery.

To read story by Debra Gruszecki in the Press-Enterprise, click here.

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Filed under: Business, Economy, Federal Housing Finance Agency, Finance, In the News, Real Estate, U.S. Government

The Sun: Federal agency may oppose eminent domain for mortgages plan

  • Written by Administrator
  • Posted August 9, 2012 at 9:22 am

Andrew Edwards, Staff Writer
Posted: 08/08/2012 12:52:54 PM PDT

The federal agency tasked with regulating the nation’s government-backed mortgage firms said it may oppose local agencies’ efforts to use eminent domain to take over underwater mortgages.

The controversial plan is being considered for use in San Bernardino County, where an estimated 150,000 homeowners owe more on their mortgages than their homes are worth.

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Filed under: Business, Economy, Federal Housing Finance Agency, Finance, In the News, Investments, Real Estate, U.S. Government