Fannie Mae Predicts Dark Days Ahead For The Housing Market Fannie Mae predicts things will get worse for the housing market and mortgage industry before it gets better. A group of economists at Fannie Mae slashed their forecast for 2022 home sales this week. Fannie Mae’s Economic and Strategic Research Group expects total home sales to […]
Two New York Mortgage Fraudsters Plead Guilty To Running A Mortgage Fraud Scheme In Connecticut Two New York Mortgage Fraudsters pleaded guilty Tuesday for operating a wide-ranging mortgage fraud scheme. The scheme involved 24 mortgage loans on numerous multifamily housing properties in Hartford, Connecticut. The duo scammed nearly $50 million from different lenders. Jacob Deutsch […]
Desperate Fannie And Freddie Are Accepting On-Time Rent As Credit In New Underwriting Guidelines Fannie Mae and Freddie Mac are expecting to see a drop in revenue with the pending recession. As a result, a desperate Fannie and Freddie are resorting to a new tactic to get people qualified for mortgages. The GSEs are using […]
Congratulations New York Taxpayers! You Are The Proud Owner Of $36.3 Million Of Garbage Loans From Fannie Mae Congratulations, New York taxpayers! You now own $36.3 Million worth of garbage loans no one else wanted. Fannie Mae finalized the sale of it’s inaugural nonperforming loan sale of the year. They also announced the winning bidder […]
Biden Extends Federal Foreclosure Moratorium For Final Time. No More Extensions After August 1st. The Biden administration has extended the federal foreclosure moratorium for another 30 days. The administration also stated that no further extensions would be give after August 1, 2021. The White House said the moratorium extension includes loans underwritten by the USDA, […]
Speak to a specialist at (888) 737-6344
Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer.
