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Is It Time to Kill Fannie Mae? A $100 Billion Plan for the Mortgage Market | The Fiscal Times

A plan to reform the mortgage finance industry by replacing Fannie Mae and Freddie Mac with a government-owned corporation offers insights into how presumptive Democratic presidential nominee Hillary Clinton might strengthen the housing market and guard against another financial crisis.   The latest proposal floated by a team of high-profile financial thinkers led by Gene

New York Takes Aim at Zombie Properties – DSNews

In order to fight the long-standing problem of vacant and abandoned homes, New York became the latest state to enact legislation to fight the adverse effect these properties, often called “zombie” properties, have on their surrounding communities.   New York Governor Andrew Cuomo signed the bill into law this week. The bill was passed as

Loan Modification Key: ‘Underwater’ homeowners still need help

This is a frightening problem. There’s no easy solution. Many think that seven years after the toxic mix of unaffordable mortgages, a collapsing economy and sagging #home prices pummeled the region, the problem’s been solved. But it remains, disproportionately hitting black homeowners in areas like southeast Queens, the study found.   The state #attorney general,
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