Real Estate Headlines

real estate editor
01 October, 2008

Mortgage Rates Fall as Fannie and Freddie Bails Out

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The 30-year mortgage rate plunged considerably this week achieving a new seven month low, the lowest ever recorded, as the rates continue to fall at ...

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24 September, 2008

Filings for Foreclosures Increase but Slower

Filings went up in August by 27 percent compared to previous year’s record but the pace has considerably slowed down compared to previous months.  The ...

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21 September, 2008

Bailout Push Mortgage Rates to Plunge Sharply

After eight months of gloom, mortgage brokers could give good news to their clients.  The federal rescue package on Fannie Mae and Freddie Mac precipitated ...

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20 September, 2008

Brown to Ignore King on UK Housing Warning

British Prime Minister Gordon Brown, wanting to jumpstart UK’ sagging economy and avoid recession, may have to disregard the advices of his own central bank.King: ...
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18 September, 2008

Fannie and Freddie 101

The US government has firmly gotten its grip on Fannie Mae and Freddie Mac. The move was the next logical step as the housing crisis ...
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17 September, 2008

Housing Face another Risk from Alt-A Mortgages; Defaults Surge

Dean Nessen, a self-employed salesman, choosing a mortgage term was easy.  Nessen agreed to pay only the interest for a period of three years.  The ...
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