The Real Estate Deal
Editor Cindy Zetts dishes on real-estate and development around Puget Sound: She lived in apartments, townhomes and houses -- a dozen of them in four states -- before settling in the Seattle area in 1997. After taking a bath on the sale of her first home, in South Florida, she vowed to wise up about real estate. She bought a house in Covington 10 years ago because, well, she could afford one there.
SubscribeNovember 20, 2008 2:18 PM
Happy holidays: Fannie, Freddie postpone foreclosures until next year
Posted by Cindy Zetts
Fannie Mae and Freddie Mac are suspending foreclosures for the holiday season -- Nov. 26 through Jan. 9 -- while lenders ready a new loan-modification program aimed at preventing reducing the number of foreclosures by allowing homeowners to refinance into loans with more favorable terms.
The two government-sponsored enterprises own or guarantee $5.2 trillion of the $12 trillion U.S. home mortgage market, Bloomberg News says. Read the full story here.
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