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The number of United States homeowners that owe more than their home is worth will likely double to 48% in 2011 from 26% at the conclusion of March. This would lead to another blow to the housing market. This is all according to Deutsche Bank.
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It’s been almost a year since the government started bailing out banks and already it is started to see some profits from the money given to all the banks. At the time of the bailouts, many people thought that profits from the money put into …

Mortgage giant Fannie Mae wants to get its hands on nearly $11 billion in government aid after it posted a huge loss for the quarter. As of right now, the only entity that has gotten more government money than Fannie Mae and its little brother …

The Assoicated Press is reporting that David Kellermann, the acting CFO of Freddie Mac, was found dead at his home this morning due to an “apparent suicide.”
While Freddie Mac has been extremely criticized for its shady business practices and has often been linked to …

Usually when I see that in the title of a banner ad, it is followed by a cartoon doing a silly dance. However, mortgage rates ARE at 30 year lows and are still falling.
Freddie Mac, the mortgage company, reported yesterday that average rates on 30-year …