Archive | October, 2011

No Principle Reductions from Fannie Mae


After All, When You Have No Principles, Can You Really Spare It? Michael Williams, CEO of Fannie Mae recently told housing wire that Fannie does not engage in principal reduction. He stated that their toolset included interest reductions, term and then forbearance of principal.  But not principal forgiveness. Unfortunately, the writer did not have the […]

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Measure Your Local Economic Recovery – On Your Own


A new survey from MacroMarkets said that even though the housing market as a whole will not see any gains in the next five years, some areas are doing well and will continue to do so. This is not much of a surprise because these same areas have been doing well for ages. The areas […]

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Lazarus Come Forth!

Sansepolcro- Christ-the-Lord-risen

It seems that Wells Fargo is capable of good will, even if it is motivated by embarrassment. In a recent report in the Chicago Tribune, David Lazarus reported that he had to personally intervene in a foreclosure situation for a couple that was doing everything possible to work out their mortgage and stay in their […]

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