Pending Home Sales Rising

Washington, September 02, 2010 Following a sharp drop in the months immediately after expiration of the home buyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking...

Fannie cracks the foreclosure whip

Fannie Mae says it will begin fining loan servicers who take too long to complete foreclosures once it’s been determined that delinquent borrowers don’t qualify for a loan modification or other alternatives like short sales. When fines are levied, they...