Housing Crunch Hits Higher-Priced Homes with Federal Mortgage Change
Posted in Bankruptcy on May 12th, 2011
Prior to the most recent economic down turn, mortgage lending institutions like Fannie Mae and Freddie Mac were backed by the Federal Government by insuring the mortgage loans of a home buyer. Of course, there were limits to the amount of the mortgage and the price of the home being purchased. When the housing prices [...]
