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Articles tagged with: Department of Housing and Urban Affairs

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[30 Nov 2010 | 9 Comments | 4,171 views]
Fannie Mae, Freddie Mac give green light to foreclosures

To muddle the foreclosure issue just a bit further, Fannie Mae and Freddie Mac told real estate agents last week to resume selling foreclosed properties.
Why’s that significant? Fannie Mae and Freddie Mac — the government sponsored enterprises (GSE) that have underwritten the majority of mortgages in the nation — had about 240,000 properties set for foreclosure at the end of September. It was about that time that Fannie and Freddie called for a moratorium on foreclosures due to concerns about the adequacy of court filings.
We’re talking about the so-called “robo-signing” …

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[8 Nov 2010 | 7 Comments | 2,495 views]
Reverse mortgage — what is that thing?

Over the past few months, I’ve seen an increasing number of advertisements for reverse mortgages.
Those have been around for some time, but they appear to be gaining in popularity. What exactly are they?
John Moore of the Reverse Mortgage USA office in Springdale deals with those loans all day long. He was good enough to send over some information defining what reverse mortgages are and who might benefit from them.
In a nutshell, a reverse mortgage is insured by the Federal Housing Administration (FHA) and is available to homeowners who are at …