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Articles tagged with: Department of Justice

Commentary, Politics »

[5 Dec 2010 | 8 Comments | 4,041 views]
The latest confusing foreclosure news

Trying to keep up with what’s happening with foreclosures around the nation is confusing, indeed.
At the end of November, Fannie Mae and Freddie Mac – the government-sponsored enterprises which underwrite the bulk of mortgages in the United States – told real estate agents to resume with sales of foreclosed properties. That was a significant announcement as Fannie and Freddie had about 240,000 properties set for foreclosure at the end of September.
Concerns over the adequacy of paperwork filed in foreclosure actions, however, caused Fannie and Freddie to order a halt to …

Business, News, Real Estate »

[30 Nov 2010 | 9 Comments | 4,168 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” …

News »

[16 Jul 2010 | One Comment | 4,040 views]
Millions in grants announced

Millions of dollars will be funneled to various agencies, programs and organizations throughout Arkansas, according to several announcements made Thursday and Friday.
The announcement came via press release from U.S. senatorial and congressional offices including:  Senators Blanche Lincoln and Mark Pryor, and Representatives Marion Berry (AR-01), Vic Snyder (AR-02) and Mike Ross (AR-04).
The announcements were as follows:
$22.3 million for economic/community development
Arkansas will receive $22,346,252 in grants from the U.S. Department of Housing and Urban Development (HUD) to improve local communities through economic development initiatives, public infrastructure investments, and rehabilitation of buildings …