Mortgage Foreclosure & Refinance Resource

Risks are rising that Fannie Mae and Freddie Mac may need a government bailout that could cost far more than previous rescues. NEW YORK (CNNMoney.com) — Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac. Although [...]

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The president of the Federal Reserve Bank of San Francisco said Wednesday the mortgage crisis and financial services turmoil are likely to be a “major drag” on the national economy through 2009.Janet Yellen told a conference of local business leaders that because of those issues, she expects little or no growth in the national U.S. [...]

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While many home owners are holding their breath hoping to qualify for some kind of federal, state or even a lender program to help them keep their house and keep on making payment some have started a campaign to prevent any bailout programs. One such site declares its reasons for going against the bailout: This [...]

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