Home » Archive

Articles tagged with: foreclosure moratorium

Business, News, Real Estate »

[30 Nov 2010 | 9 Comments | 4,173 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” …

Business, News, Real Estate »

[23 Nov 2010 | 2 Comments | 1,879 views]
Central Arkansas homes sales down in October

Cooperative Arkansas Realtors MLS (CARMLS) released its housing market report today, showing that homes sales in central Arkansas were down again in October.
The issue at hand, of course, is the expiration of the tax credits for first-time and repeat buyers. Those credits expired at the end of April and buyers were initially given until the end of June to close on homes in order to be eligible for a tax credit.
While the “closing deadline” was extended by Congress until the end of September, most buyers who got homes under contract …