How Financial Reform Impacts Homeowners and Buyers | RISMedia
via rismedia.com You just have to love when the government tries to “help” the public. Ahh, the law of unintended consequences. There are a few good things in the legislation, but I have to say that on the whole from what I’ve read, in the long term the negative will outweigh the positive. Your thoughts?… Read More
Fannie Mae to penalize mortgage holders who walk away from homes – San Jose Mercury News
WASHINGTON — Government-sponsored mortgage purchaser Fannie Mae is trying to encourage distressed homeowners to find alternatives to foreclosure by banning those who walk away from getting new loans for seven years. Troubled borrowers who do not try in good faith to work out a deal, but have the capacity to pay, are targeted by the… Read More
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