Jacksonville Real Estate Market

Jacksonville, Florida

Obama’s Mortgage Refi Plan To Go Through FHA

It will go through the government mortgage insurer, the Federal Housing Administration and could cost between 5 and 10 billion dollars, according to senior administration officials.

Government Set to Sell Foreclosures in Bulk

The Obama Administration, in conjunction with federal regulators and led by the overseer of Fannie Mae and Freddie Mac, are very close to announcing a pilot program to sell government-owned foreclosures in bulk to investors as rentals, according to adm…

Rising Rates Threaten Refi Plans

One weekly report does not a trend make, but today’s mortgage application survey should serve up a good dose of reality to all of those state attorneys general and Obama administration officials touting a grand new refinance program for underwater borr…

Principal Writedowns Happen, Just Not Through Government

A Wall Street Journal article Wednesday began, “Fannie Mae and Freddie Mac are in talks with Obama administration officials to join fledgling government programs aimed at reducing loan balances of mortgages where borrowers owe more than their homes are…

New Housing Bailout? Try Old Housing Bailout

I have been told over and over by Administration officials that there will be no big news announcement at the summit. No mandate that the government will suddenly infuse every troubled borrower’s home with palatable equity.

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This web site is dedicated to providing valuable information related to the Jacksonville, Florida real estate market and the real esate industry as it impacts the buying, selling, and renting of homes and condos.

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