Perhaps with the end of the nation’s housing crisis, a previously seldom-heard term — the short sale — will go away. And with its departure, banks will be relieved of the short sale frauds that investigators with federal mortgage guarantor Freddie Mac say costs lenders nationwide hundreds of millions of dollars a year. Mississippi hasn’t [...] [...]
For most today, a home mortgage is the largest single investment that one normally makes over a working lifetime. It can also be said, however — after the initial excitement of purchasing the home has been made — that dealing with the procedures necessary to buying a home can also be one of the biggest [...] [...]
by Associated Press Published: November 3,2010
Tags: Freddie Mac
WASHINGTON — Government-controlled mortgage buyer Freddie Mac on Wednesday posted a narrower loss of $4.1 billon in the third quarter as it asked for an additional $100 million in federal aid – substantially less than the $1.8 billion it sought in the second quarter. Freddie Mac’s loss attributable to common stockholders for the July-September quarter [...] [...]
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