Keeping foreclosures down and homeownership up has been the stated goal of policy makers for the last few years. The record shows that nearly all of the promulgated programs have failed to provide much relief to lenders or borrowers. And even if there were a chance for them to succeed, the obstacles to their viability [...]

[Read more →]

I am attending the Chicago MBA. Fresh news returns Thursday. email signup      Receive MNC in RSS news reader ———— Freddie and Fannie Reject Debt Relief - New York Times - By SHAILA DEWAN - … If banks agreed to forgive some mortgage debt, Arizona offered to use federal aid to pay half the cost. [...]

[Read more →]

This comes from an email circulating around. Sometimes we need to pull these government things into focus by comparing them with our local situation.  The numbers below do a great job in showing the latest “spending cuts” in understandable terms.  Is Washington doing a great job to reduce the debt burden??  Remove 8 (EIGHT) [...]

[Read more →]

I am attending the Chicago MBA.    email signup     Receive MNC in RSS news reader ———— Fannie Mae sticking with fired Florida law firm - By KIMBERLY MILLER - Palm Beach Post - Federal mortgage backer Freddie Mac fired a Florida law firm this year for “foreclosure processing abuses,” but sister company Fannie Mae continues [...]

[Read more →]