Fannie Mae Cracking Down On Homeowners Who Walk Away
Homeowners who walk away from Fannie Mae mortgages will be snubbed for seven years, according to the Associated Press. Fannie Mae says they’re trying to encourage homeowners to avoid foreclosure by banning those who walk away from getting loans. The idea is to deter homeowners who could pay from simply walking away from their responsibilities. [...]
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Do You Know How To Identify Predatory Lending?
Predatory lending is a term used all the time, but do you know how to identify when it exists? There are many consumers who are lured into loan agreements without realizing they are victims of predatory lending practices. Predatory lending is considered to be unethical and even abusive, yet it continues. Like identify theft, the [...]
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Fannie Mae Allows Foreclosed Homeowners To Rent
Fannie Mae, the troubled mortgage company, is getting into the rental business in order to help some debt burdened consumers. Fannie Mae is a government controlled mortgage company and many feel it has an obligation to help consumers faced with losing their homes during the economic downturn.
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