National Foreclosures Rate Drops in June, Will Surge Again

July 16th, 2007

When the June data for the national foreclosures rate came in, many were relieved since there was a drop in the number of foreclosure filings. Unfortunately, this relief may be short-lived. Many of the subprime loans taken out a couple of years ago are scheduled to reset this year, resulting to yet another surge in

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Fannie Mae Foreclosures Basics

March 13th, 2007

As a first time buyer, you might be surprised that there are foreclosure properties in the possession of an institution named Fannie Mae. If you do not know it yet, Fannie Mae or the Federal National Mortgage Association is an actively-traded private company that provides mortgage assistance to all Americans all over the nation. They do not directly loan borrowers the money but they help by making sure that lending institutions have enough funds [...]

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