Mortgages Archives

Good Time to Look for a Second Home?
By: manybanking.com Staff
Though the housing downturn is straining many people, this might actually be good news for buyers -- particularly those of a vacation home, condo or a home in the center of the country, some experts say. Read more»
Housing Bust Hits Enclave of Super-Rich
By: manybanking.com Staff
Places don't get much richer than Nantucket.  The quaint Massachusetts island is an enclave of the super-rich. This is where John and Teresa Heinz Kerry rub shoulders with the likes of Frank and Kathie Lee Gifford, and countless hedge fund tycoons. The streets of the old whaling town are crowded with chi-chi stores and pretentious restaurants.   Read more»
Fannie, Freddie Can't Do More
By: manybanking.com Staff
To remedy the U.S. mortgage crisis, Congress is considering loosening the regulatory reins on two publicly traded financial behemoths that, not long ago, were mired in accounting scandals and forced to make earnings restatements totaling more than $20 billion -- dwarfing those of Enron and WorldCom combined. Read more»
Fannie Mae Seeks $19B in U.S. Aid
By: manybanking.com Staff
By Alan Zibel -- AP Real Estate Writer WASHINGTON (AP) — Fannie Mae issued a grave warning about its future, saying it needs $19 billion in additional government aid as job losses grow and risky loans made during the housing boom go bad at an unnerving pace. Read more»
By Alan Zibel -- AP Real Estate WriterWASHINGTON (AP) — Falling home prices have forced the government to ask Congress for a $798 million taxpayer subsidy to prop up a program that lets senior citizens tap the equity in their homes. Read more»
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