Here’s a primer on Fannie and Freddie’s role in the housing market, why their actions often go against the interests of homeowners and are even at odds with their own mission, and what to expect from here on.
housing bubble
From “Wall Street” to Sequel, a Sentimental Oliver Stone Manages a Ménage à Trois
Oliver Stone’s new “Wall Street” is worth the ride, but it’s less caffeinated than the original, and Stone gives in to sentimentalism and nostalgia where polemic serves him better.
$75 Billion Mortgage Modification Program Is $74.76 Billion Behind
The Obama administration committed to spend up to $75 billion on its foreclosure-prevention program. More than a year later, only about $242 million had actually been paid out.
City Walk, Home of Palm Coast Government, in Foreclosure
City government officials have kept mum for a year since foreclosure proceedings began on much of the 167,000-square-foot development.