Fannie Mae and Freddie Mac

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Fannie Mae: No investors for 15 days

AP - 2 hours 50 minutes ago

Fannie Mae says it won't consider offers from investors to buy its foreclosed properties until they have been on the market for 15 days.

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Bellevue's Washington Square Triples Condominium Sales
PRWeb via Yahoo! News - Tue Nov 24, 11:00 am ET
New condominium sales at Washington Square in Bellevue, WA more than tripled in the past two months, offering the first sign buyers are coming back to the high-rise condo market in the Seattle region.
Mortgage rates decline for third week to 4.83 percent
Asbury Park Press - Mon Nov 23, 7:31 pm ET
Mortgage rates for 30-year fixed U.S. home loans fell for a third straight week, offering a boost to potential buyers who may use a government tax credit to purchase homes.
Business briefs
Newsday - Mon Nov 23, 8:06 pm ET
Baumann drivers, workers
Renters becoming latest victims as foreclosure crisis widens
Washington Post - Mon Nov 23, 12:00 am ET
NEW YORK -- A new wave of foreclosures stands to hurt people who may have never taken out a mortgage: renters. In cities such as New York, Chicago and Los Angeles, where many investors are carrying upside-down mortgages on large rental buildings, some tenants are watching their homes fall apart a...
Palestinians looking to American-style housing developments, financing
Washington Post - Mon Nov 23, 12:00 am ET
The hills around this city have seen plenty of construction, often the distinctive red-roofed homes favored by Israeli settlers.
Fed independence doubts could hurt recovery: report
Reuters via Yahoo! News - Sun Nov 22, 6:17 pm ET
The independence of the Federal Reserve is essential for credible monetary policy and doubts about the U.S. central bank's ability to do its job without political interference could hurt the nascent economic recovery, a senior Federal Reserve official said on Sunday.
Wall Street’s Spin Game
New York Times - Sun Nov 22, 11:41 pm ET
Lloyd C. Blankfein , chief executive of Goldman Sachs , the bank to bash on a resurgent Wall Street, is receiving a lot of advice lately, and it’s not just about money, The New York Times’s Graham Bowley writes in the Week in Review.
U.S. Existing Home Sales Rise 10%, More Than Forecast (Update2)
Bloomberg - Mon Nov 23, 10:44 am ET
Nov. 23 (Bloomberg) -- Sales of existing U.S. homes increased more than forecast in October to the highest level since February 2007, spurred in part by a tax credit that lured first-time buyers.
Chicago-area home sales jump 33%
Chicago Tribune - Mon Nov 23, 9:53 am ET
With first-time buyers out in force last month, sales of existing single-family homes and condos rose to 7,286 homes. And the median price was $190,000, down 15.6 percent from a year earlier.
AUDREY’S SOCIETY WHIRL: National Urban League celebrates 53rd Equal Opportunity Day dinner
Eurweb - Tue Nov 24, 3:11 am ET
*General Colin L. Powell, USA (Ret.), a soldier, statesman and diplomat revered for his extraordinary efforts, dedicated leadership and humanitarian vision throughout the world, was on hand to receive the award from Marc H. Morial, chairman and president, National Urban League (NUL), at the 53rd annual Equal Opportunity Day (EOD) awards dinner on Thursday, November 5, 2009 at the New York ...
Sales of Existing U.S. Homes Probably Rose to a Two-Year High
Bloomberg - Mon Nov 23, 7:14 am ET
Nov. 23 (Bloomberg) -- Sales of existing U.S. homes probably increased in October to the highest level in more than two years, spurred in part by a tax credit that lured first-time buyers, economists said before a report today.
New gold bugs taking gold mainstream
Market Watch - Mon Nov 23, 12:25 am ET
Gold has long been favored by a fringe of the investment world, but this year some of the world's leading hedge-fund managers have loaded up on the precious metal amid concern government efforts to avoid another Great Depression that could undermine major currencies and fuel rampant inflation.
Existing home sales rise 10.1 percent
The Arizona Republic - Mon Nov 23, 10:17 am ET
Sales increased in October to the highest level since February 2007.
Rent your own home
Bankrate.com - Mon Nov 23, 6:36 am ET
Homeowners who can't afford their mortgage payment, but still want to live in their current home may be keen to learn more about Fannie Mae's new Deed for Lease program, which allows homeowners to sign a deed in lieu of foreclosure and then rent back their home and continue to live there.
The Foreclosure Crisis: Navigating Mortgage Payment Difficulties
RISMedia Real Estate News - Mon Nov 23, 3:59 pm ET
RISMEDIA, November 24, 2009—If you or someone you know has fallen behind on their mortgage, take heart; there is hope. Not from the government though; you’ll have to fight this one on your own, but you are not alone. And soon, your numbers could grow into a powerful ...