Some interesting news on foreclosures and mortgage settlement from around the web. If a foreclosure is affecting you, be sure to read the article titled “Foreclosure Feeling Dealing with Real Estate Depression”.
“everyone was waiting for the 49 state mortgage settlement” as a go signal to start foreclosures again. That’s what the mortgage settlement really is, a cultural, legal, and political signal of “all clear”. How exactly a new wave of foreclosures is supposed to help the housing market is still something of a puzzle, but it does show that the
Are you feeling depressed because of the market? You are not the only one Dealing with the amount of foreclosures and the fall of the real estate market has caused a rise in depression (as much as 37 percent of people facing the foreclosure axe) and yes, even suicides among the affected
Over the last few months, the White House has been pushing the Federal Housing Finance Agency (FHFA) in an effort to get Fannie Mae and Freddie Mac to write down the principal balance on underwater mortgages.
Although both Fannie Mae and Freddie Mac have tried other (albeit minor) efforts to improve the real estate market, President Obama is adamant that mortgage reduction is the only true way to help move the real estate market from “crisis” to “normal” in the most efficient way possible…
