freddie mac

Gov't Mortgagor Take-Over - A Good Thing?

Thu, 09/18/2008 - 08:54 — RealtyStore

The U.S. Government is actively moving to help individuals currently facing foreclosure. This is great news for the distressed homeowner and individuals who support the Government's efforts, but it may be bad news for those who seek to purchase distressed real estate, particularly in the pre-foreclosure phase. The effect on the economy also remains to be seen.

No Severance Money for Freddie Mac CEOs

Mon, 09/15/2008 - 11:58 — admin
Last week, RealtyStore brought you the news that Fannie Mae and Freddie Mac CEO's were being removed from their posts by the U.S. Government. To the disgust of many, both Daniel Mudd (former CEO) and Richard Syron had expected to receive multimillion dollar severance packages. The FHFA, assigned to handle the removal process, recently announced it's determination not to issue the "golden parachute" (extra money the men could use to "get by" on until new employment could be found) as part of the mens' severance packages, which also include pensions.

Home Purchases Rise, Home Prices Still Falling

Mon, 08/25/2008 - 14:33 — admin
Billionaire Sam Zell made an interesting housing market prediction last week, saying that he expected home prices to bottom-out at the end of March 2009, but some economists believe otherwise. One such economist, Michelle Meyer with the Lehman Brothers Holdings Inc. in New York, does not feel so confident that housing market prices will stop falling by the end of 2009's first quarter. Instead, she predicts that it will not fully bottom-out until the end of 2009 itself. Why might some economists feel this way? Despite the fact that home buying across the U.S.

Real Estate Prices may Bottom-Out Soon

Thu, 08/21/2008 - 13:19 — admin
Seasoned foreclosure and real estate investor (and billionaire) Sam Zell predicts that the Single-Family real estate prices will have fallen as low as they can go by the end of Q1, 2009. In addition to his prediction, Mr. Zell reminded Bloomberg television viewers in an interview on "Fannie, Freddie & Sub-Prime Crisis," that even as foreclosures are on the rise and housing prices drop, there is a light at the end of the tunnel. What could possibly be so great about the current market slump, you might ask? Mr.