Tag Archives: richmond reo

Fannie, Freddie regulator still resists principal reduction..

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It remains to be seen whether Fannie, Freddie will offer principal reduction for mortgages. NEW YORK (CNNMoney) — Allowing Fannie Mae and Freddie Mac to offer principal reductions may save money thanks to enhanced government incentives, a preliminary analysis released Tuesday shows. But that doesn’t mean their regulator, Ed DeMarco of the Federal Housing Finance [...]

New Foreclosure Wave Coming?

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Despite a seasonal slowdown in overall foreclosure activity, and a process still bogged down and backed up by the “robo-signing” processing scandal, the U.S real estate market is about to be hit by another surge of bank repossessions, according to a new report from the online foreclosure sale site RealtyTrac. As banks resubmit millions of [...]