Month: November 2011

Freddie REOs Could Take 15 Years

From HW: Freddie Mac vendors sold fewer REO properties in the third quarter than they did earlier in the year as nonperforming loans continue to climb. More than 25,300 repossessed homes held by Freddie Mac sold in the third quarter, down 13.5% from the nearly 30,000...

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Higher Loan Limits, Part 2

From HW: A group of 131 members of Congress sent a letter to House leaders this week, pressing for a restoration of higher limits for mortgages guaranteed by the government. Congress elevated the conforming loan limits in 2008 to allow the Federal Housing...

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