Jan 6th 2011 12:59PM
News stories placing the Mortgage Electronic Registration Systems (MERS) at the center of the foreclosure storm make MERS the villain in this financial crises. While it's true MERS does enable foreclosures, the problem is a lot bigger than the electronic mess at MERS. Courts in some states are refusing to foreclose on... Continue Reading »
Aug 6th 2010 1:21PM
The housing market is still ailing, but Fannie Mae is slowly recovering, another indicator that the overall picture for real estate is improving ever so slightly. For the second quarter of 2010, Fannie lost $1.2 billion, compared to the $14.8 million loss it filed in the same quarter of 2009. The prospects of Fannie and... Continue Reading »
Jan 8th 2010 3:00PM
Abandoned homes are still a lingering problem for many states as foreclosed homeowners continue to be pushed out in record numbers. When they go, they leave in their wake unkempt yards, dilapidated homes and squatters, all causing unnecessary blight on formerly tidy neighborhoods. Yet, when these struggling homeowners... Continue Reading »
