In a crackdown on faulty mortgages, Fannie Mae and Freddie Mac may be forcing lenders, which include Citigroup, JP Morgan Chase, Wells Fargo, and Bank of America to buy back loans. The total may include up to $21 billion in home loans.
This video provides tips from experienced realtors and mortgage brokers on how to sell a home, buy a home, price a home and select an agent. Get the best deal you possibly can when either buying or selling your home!
According to the Standard & Poors/Case-Shiller home price index, home prices edged higher in October in the 20 real estate markets it surveys. The home price index rose 0.4 percent to a seasonally adjusted reading of 145.36 in the index for October.
Citigroup (C) is apparently feeling the holiday spirit this season, as it announced today it will suspend foreclosures and evictions for 30 days for 4,000 of its borrowers. The reprieve will begin Friday, and run through January 17.
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