by countyproperties | Jan 15, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
The Federal Reserve’s announcement that it’s purchasing up to $500 billion of securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae, has contributed to a reduction in mortgage rates to record lows. However, some mortgage experts warn that the low rates...
by countyproperties | Jan 15, 2009 | Current Affairs, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Fannie Mae last week announced it would extend the suspension of foreclosure sales and evictions from single-family properties through Jan. 31, 2009, enabling the company to work with mortgage servicers to further implement the Streamlined Modification Program (SMP)...
by countyproperties | Jan 15, 2009 | Current Affairs, Finance, Real Estate news
WASHINGTON — A divided Senate has approved President-elect Barack Obama's request for $350 billion in unspent financial bailout funds. The 52-42 vote releases the money in the midst of rising foreclosures and a worsening climate for the nation's banks. It...
by countyproperties | Jan 15, 2009 | Current Affairs
“I say to you today, my friends, so even though we face the difficulties of today and tomorrow, I still have a dream. It is a dream deeply rooted in the American dream. I have a dream that one day this nation will rise up and live out the true meaning of its creed:...
by countyproperties | Jan 9, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Mortgage rates dip to new all-time lowFreddie Mac reported that average rates on 30-year, fixed-rate mortgages dropped to 5.01 percent for the week ending Jan. 8, setting a new record low and the tenth consecutive weekly decline. Best bet for a home...
