Treasury lenders to be sanctioned for la...

As part of a broad effort to boost participation in its mortgage assistance the Obama administration will crack down on mortgage companies that are failing to do enough to help borrowers at risk of foreclosureprogram. The Treasury Department said Monday it will withhold payments from mortgage companies...

Foreclosed properties leading to bank fa...

The total number of failed banks in the U.S. as of November reached 115.  This is a huge number.  ”Foreclosed properties in the states of California, Texas, Illinois and Arizona contributed largely to the collapse of nine banks owned by holding company FBOP Corporation.”The nine banks...

Fannie Mae to rent your home back to you...

Fannie Mae has announced a plan to help homeowners who have lost their homes to foreclosure or short sale by renting their home back to them.  The families may rent their home at market rates for one year. The program is designed to help those who do not qualify for a loan modification. This also...