Steve Jolly - The REO Expert for Greater Nashville

Fannie Mae is offering an incentive for buyers purchasing and closing on a Fannie Mae REO between January 28 and April 30, 2010. The incentive’s goals are to encourage buyers to purchase REO properties and increase the sales volumes to help manage the higher levels of inventory anticipated this year. The incentive is a total of 3.5% of the ...

Federal Housing Finance Agency Director James B. Lockhart today released FHFA’s latest Foreclosure Prevention Report detailing actions taken by Fannie Mae and Freddie Mac to prevent unnecessary foreclosures and keep people in their homes. The report includes loan modification data under FHFA’s Streamlined Modification Program, which ...

U.S. home prices fell 0.1 percent from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported decline in March was revised to a 1.4 percent.  For the last year, prices fell  almost 7 percent. The index is 11.2 percent below its April 2007 peak.“Although ...

Leaders from a number of housing industry groups flocked to Capitol Hill on Wednesday to weigh in on how mortgage financing giants Fannie Mae and Freddie Mac should be structured. The two GSEs own or guarantee 56 percent, or $5.4 trillion, of the nation's single-family mortgages, but both were placed under full federal jurisdiction last ...