Real EstateN.J. Home Foreclosures Expected To Rise 20 Percent This Year

Posted: Feb 19th, 2011 9:21 PM
New Jersey courts expect foreclosures to shoot back up this year even as the economy begins to look up. Kevin Wolf with the administrative office of the courts said during the sub prime mortgage meltdown, foreclosure filings nearly tripled to 65,000 in 2009. “Everyone is predicting that there will be a 20 percent jump ... Read More

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Real EstateObama Administration: Fannie, Freddie Model 'Dead'

Posted: Feb 11th, 2011 9:18 AM
The Obama administration on Friday declared the public-private housing finance model in place for the past four decades was dead but pledged to continue backing exisiting obligations of Fannie Mae and Freddie Mac. "The GSE model is dead," an Obama administration official told reporters as the Treasury Department released a ... Read More

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