Thursday, October 21, 2010
What’s a short-sale?
CNN Money previously had an article suggesting people to consider short-sales instead of a foreclosure.
I’m a Certified Distressed Property Expert (CDPE). Let me know if you or someone you know is behind on their mortgage and don’t know what to do!
Thursday, January 8, 2009
This could potentially lead to lowering of mortgage interest rates! Those looking to buy or refi should really take note and keep watch!!!
http://www.newyorkfed.org/newsevents/news/markets/2009/ma090105.html
| January 5, 2009 | |
The Federal Reserve Bank of New York today began purchasing fixed-rate mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. Selected private investment managers are acting as agents of the New York Fed in these purchases.
Summary data detailing these operations will be available on the New York Fed’s website beginning Thursday, January 8, 2009, and will be updated on a weekly basis each Thursday.
This program, first announced on November 25, 2008, is intended to support the mortgage and housing markets and foster improved conditions in financial markets more generally.
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