Recession

Housing Agencies Clash Over Mortgage Relief Program

December 10, 2010

Fannie Mae and Freddie Mac are reluctant to join in the FHA’s new program designed to assist ¬†borrowers whose homes are worth less than they owe on their mortgages largely because US Taxpayers would be on the hook for any losses incurred. Fannie and Freddie have already cost US taxpayers more than $130 billion and¬†has […]

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Experts Fear That Housing Recovery Still Years Away

December 8, 2010

Record high foreclosure rates, mortgage rates inching up and a surplus of distressed properties are just some of the factors that will delay a recovery in the housing sector until 2014, experts say. As mortgage rates start to rise, demand for housing will soften and home national home prices are likely to decline another 5-7% […]

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