The two jumbo mortgage bodies Fannie Mae and Freddie Mac are being targets of the foreclosure blame game by many. To save the two units, that hold nearly half the mortgages of USA, the federal government has stepped in. In the middle of the raging foreclosure crisis the taking over of Fannie and Freddie has [...]

Foreclosures are lashing the beaches and enforcing thriving business to shut down. Beach business is badly affected by the reigning foreclosure crisis. One instance is the collapsing of an important contract targeting business prospects in Fort Myers Beach. It did not materialize when the developer succumbed to foreclosure. The owners of the beach business are [...]

The Hope Now alliance has spelt hope to 2 million foreclosure victims but unfortunately the numbers paled against the numbers of new foreclosures rushing in like a flood. During the last 13 months Hope Now has achieved the impossible – helped 2 million foreclosure victims. This alliance supported by the Bush government consists of mortgage [...]