In 2003, Freddie Mac was fined $125 million and was forced to restructure their management team. This was a result of under-reporting their earnings. They said that they earned $5 billion from the years 2000 through 2002.They suffered another fine in 2006 of $3.8 million as a result of illegal campaign contributions. Freddie Mac raised [...]

ted States biggest mortgage companies. Freddie Mac is actually means Federal Home Loan Mortgage Corporation and along with Fannie Mae it holds 5 trillion dollars of debt.When Fannie Mae was transferred from the Government to private investors in 1968, there were concerns about it being run as a monopoly. To solve this problem Freddie Mac [...]

The housing crisis has caused many foreclosure evictions. This in turn has put pressure on rented units. Increase in rental vacancies point to a change in the housing climate

Home shoppers for locating a residence to live in Phoenix AZ or investors wishing to have a place for renting or resale, can have sizeable savings if they search Phoenix foreclosure listings. The reasons are many and the foremost being Phoenix, AZ has been adjudged by its employment potential as the leading city by increase [...]

Bush has given his signature on mortgage legislation, which aims to give financial relief to foreclosure victims. Hitherto if a mortgage debt was forgiven then it was considered to be income as it was taken to be a gain. But that will no longer be applicable – forgiven debts will not be taxed. Bush said [...]

Banks are in a hurry to sell off repossessed houses that are nothing but white elephants. In the process the buyer might be lucky to pick up a bargain at 30% to 40% less than the price of few years ago. But that gain is cancelled when the tax is calculated not at the rate [...]