How many underwater mortgages does it take to change the rules? The answer is north of 120,000. As of November 25th, that is the number of homes currently heading toward default that will be eligible for repurchase by the previous mortgage holders. The change in policy creates the opportunity for people to purchase their foreclosed […]
Tag: Freddie Mac
The vote that changed everything, maybe.
What did we say? BEFORE THE ELECTION AFTER THE ELECTION HOUSE 234 Republicans 201 Democrats (includes 1 vacant R seat, 2 vacant D seats) HOUSE 244 Republicans 184 Democrats 7 races still pending SENATE 55 Democrats (including 2 Independents who caucus with Ds) 45 Republicans SENATE 53 Republicans (net gain of 8) 46 Democrats Louisiana […]