DesperateHouseWise.com

A great article published in the New York Times taps into the American psyche when it comes to homeownership. The author, Robert J. Shiller (one half of the super Swedish rock group Case/Shiller), provides a brief history behind  the creation of The Federal Housing Administration (FHA) and Fannie Mae in the 1930’s. Mr. Shiller notes [...]

Share on Facebook

Tags: american, case, case-shiller, fannie mae, FHA, great depression, Homeownership, Housing, robert shiller

Although the numbers are improving, a third of loans modified by Fannie Mae and Freddie Mac early last year were delinquent after six months.
These loans were modified prior to implementation of Obama’s Home Affordable Modification Program.
DHW asks: Do you think loan modifications are making a difference?
Share on Facebook

Share on Facebook

Tags: fannie mae, freddie mac, HAMP, home affordable modification program, loan modifications

Citing a loss too great for taxpayers, the US Treasury Department blocked Fannie Mae’s nearly $3 billion sale of unused low-income housing tax credits to Goldman Sachs Group and Berkshire Hathaway.

Share on Facebook

Tags: $3 billion, berkshire, berkshire hathaway, fannie mae, freddie mac, goldman, goldman sachs, hathaway, Housing, housing news, housing tax credits, low-income, low-income housing tax credits, Real Estate, real estate news, sachs, tax payer tax payers, taxpayer, taxpayers, treasury, treasury department, us treasury department

In a deal that still needs Treasury Department approval, government run Fannie Mae reached an agreement with unnamed buyers to sell approximately $2.6 billion in unused low-income housing tax credits. The Treasury Department said it would approve the sale “if it was clearly in the interest of taxpayers.”
DHW asks: Do you think this deal is [...]

Share on Facebook

Tags: 2.6 billion, buyers, fannie mae, freddie mac, government, Housing, housing news, housing tax credits, low-income housing tax credits, Real Estate, real estate news, seller, taxpayer, taxpayers, treasury, treasury department, unused low income tax credits, unused tax credits

Fannie Mae is expanding its ‘Deed for Lease’ program to help thousands of homeowners facing foreclosure. The program is designed for those who want to stay in their homes but do not qualify for President Obama’s loan modification program. Participants transfer their title to Fannie Mae and rent back for up to one year.

Share on Facebook

Tags: barack obama, deed for lease, deed for lease guidelines, deed in lieu, deed in lieu of foreclosure, fannie mae, foreclosure, freddie mac, guidelines, home owners, homeowners, Housing, lease, leasing, Obama, President, president barack obama, President Obama, Real Estate, real estate news, rent, renting, Sales, short sale, short sales, shortsale, shortsales

The US congress passed a resolution last Thursday to extend the current loan limits for FHA, Fannie Mae and Freddie Mac loans through calender year 2010. The resolution still requires President Obama’s signature, which is expected shortly.

Find loan limits for your area.

Share on Facebook

Tags: area loan limits, congress, fannie mae, fannie mae limits, fannie mae loan limits, fannie mae loan limits for my area, fannie mae loan limits in my area, FHA, fha limits for my area, fha limits in my area, fha loan limits, freddie mac, freddie mac loan limits, Housing, housing credit extension, housing news, housing prices, loan, loan limits, loan limits for my area, loan limits in my area, loans, mortgage, mortgage limits, Obama, President, President Obama, Real Estate, real estate news, real estate prices, worker home ownership and business assistance act of 2009, worker homeownership and business assistance act of 2009