If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!WSJ Developments Blog - Condo Buyers May Have a New Way to Leave Contracts, Thanks to Fannie Mae Rules
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The Big Picture - Fire !
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The rising tide of foreclosures has been stopped, at least temporarily. On Friday, Fannie Mae, Freddie Mac, CitiGroup and JPMorgan Chase all announced a moratorium on foreclosures until early March when the U.S. Treasury Department and the Obama Administration are expected to launch a national foreclosure prevention and loan modification program.
Fannie Mae had previously suspended [...]