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Fannie Mae and Freddie Mac Face Criticism as They Resume Foreclosures

Law makers and Federal regulators put pressure on Fannie Mae and Freddie Mac, the government sponsored Mortgage guarantors, to suspend foreclosures while struggling homeowners pursue loan modification. According to John Walsh, Acting Controller of Currency, testifying before a Senate banking committee, his agency is pressurizing national lenders to freeze foreclosures on struggling homeowners who are […]

Ashburnham, the Third City with the highest foreclosures in Massachusetts

Recently, Massachusetts Housing Partnership conducted a study on foreclosures in Massachusetts. They reported that several communities in North Central Massachusetts were hit by the foreclosure crisis. According to their study, the state’s third most troubled community is Ashburnham, where 30.5 units were foreclosed or distressed in every thousand properties. On top of the list was […]

Sales of Properties from Foreclosure Listing In NYC Slowing Down

Many homebuyers in New York City have consulted foreclosure listing in NYC when looking for the home of their dreams. This is not surprising since foreclosures have made the city’s housing market extremely appealing to consumers. However, it seems that the number of the sales is getting slimmer. According to research reports, this previous summer […]