“Fannie Mae (FNMA) and Freddie Mac will let some borrowers who kept up payments as their homes lost value erase their debts by giving up the properties, helping Americans escape underwater loans while adding to losses at the mortgage giants bailed out with $190 billion of taxpayer money. Non-delinquent borrowers with illness, job changes or other reasons they need to move will become eligible in March to apply for a so-called deed-in-lieu transaction that erases the shortfall between a property’s value and the size of its mortgage.”
Related posts:
Police Officer Faces Charges In Fatal DUI Crash
Britain considers banning Internet pornography over ‘corroding’ influence on children
A Long-Distance Relationship With the I.R.S.
Privacy fears cause more to cover online tracks
Why going to 7-Eleven has become a political act
Nazi hunters call on Twitter to crack down on terrorists
Shots fired during FBI warrant search in District Heights
Budget analysts project $1.1T federal deficit this year
Supreme Court upholds mom's $220,000 fine for downloading music
British couple who helped Kenyan village with cannabis profits jailed
Privacy fears over artificial intelligence as crimestopper
NHS watchdog: Nurses in tears as 'horrendous' understaffing hits patients
Trump will arm Syrian Kurds to fight ISIS, over Turkey’s fierce objections
Could you live in 150 square feet? Cities try out micro-housing
Drone owners must register with FAA, starting December 21