REALTOR® Magazine-Daily News-Foreclosure Logjam Threatens Fannie, Freddie: "Foreclosure Logjam Threatens Fannie, Freddie
Fannie Mae and Freddie Mae will force lenders to pay for any losses that the GSEs incur due to a breakdown in the foreclosure process.
Interim FHFA director Ed DeMarco said the firms want to take a 'tailored approach' to the foreclosure logjam that is fair to delinquent householders, servicers, and mortgage investors and is beneficial to taxpayers and the housing market.
The mortgage giants could lose billions of dollars in a prolonged delay because they would be unable to sell properties that have slipped into foreclosure, explains George Mason University real estate professor Anthony Sanders.
Source: Washington Post, Zachary Goldfarb, Dina ElBoghdady, and Ariana Cha (10/12/2010)"
Cynthia RodriguezLicensed Sales Associate
www.cynthiarodriguezonline.com
www.cynthiarodriguez.listingbook.com
http://cynthiarodriguezrealtor@gmail.com
My number one goal is to provide my clients with the highest level of Quality Service. I bring to my clients a quality company that's innovative and ahead of the curve in technology as well as marketing. I don't just sell homes...I help move families to the next level in their lives. Quality Service, Dedication & Determination are the building blocks of my Reputation!
- Cynthia Rodriguez
- Patchogue, New York, United States
- Licensed Sales Associate of Coldwell Banker M&D Good Life Real Estate "Service, Dedication & Determination are The Building Blocks of My Reputation"
