Archive for September, 2009

Mortgage crisis spreads to more affluent areas of Silicon Valley (San Jose Mercury News)

Wednesday, September 30th, 2009

In almost every neighborhood in Santa Clara County, homeowners are increasingly falling behind on their mortgage payments '” even in areas that were relatively untouched by the foreclosure crisis as recently as late 2007.source

Foreclosures creating buyer’s market in 59912 (Hungry Horse News)

Tuesday, September 29th, 2009

In the 59912 Zip code a total of 14 properties are listed for trustee sale and another 16 owned by banks, according to the site, RealtyTrac.com . They range from $17,802 for a timeshare in Meadow Lake to an $800,000 property on Penney Lane.source

Freddie Mac to rent out sites :Move aims to keep properties from becoming vacant. (South Bend Tribune)

Monday, September 28th, 2009

WASHINGTON -- Mortgage finance company Freddie Mac said it will allow some borrowers to rent out their homes after losing them to foreclosure.source

Freddie Mac loosens foreclosure rules (Kitchener – Waterloo Record)

Sunday, September 27th, 2009

WASHINGTON (Jan 31, 2009) -- U.S. mortgage finance company Freddie Mac said it will allow some borrowers to rent out their homes after losing them to foreclosure.source

Freddie renting to some defaulters (The Clarion-Ledger)

Saturday, September 26th, 2009

Mortgage finance company Freddie Mac said it will allow some borrowers to rent out their homes after losing them to foreclosure.source

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