What could possibly go wrong with giving loans to people who can’t afford the payments? The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say […]
The mortgage giant says it lost $4.69 billion Read the full story at Freddie Mac Reports 2Q Loss, Asks Gov’t for $1.5B – ABC News.
Adjustments to FHA and MHA requirements to allow 12-month Forbearances (Washington, DC)- Today, the Obama Administration announced adjustments to Federal Housing Administration (FHA) requirements that will require servicers to extend the forbearance period for unemployed homeowners to 12 months. The […]
The House passed a bill Tuesday to kill a signature Obama administration program that helps homeowners stay in their homes but has faced criticism as ineffective. The House voted 252 to 170 to stop any new funding for the Home […]
It must be the Ghost of ACORN past! ACORN doesn’t exist (like Area 51) but still can deduct your money. ACORN attorney says they have no bank account for the money to go into. ACORN cannot tell a lie! A […]