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Tag: Freddie Mac

Foreclosures to Rentals. Obama Finally Listens to Oppenheim Law

Taking a cue from Oppenheim Law, the Obama Administration is mulling over plans to reduce the number of foreclosed homes on the market by renting them out, according to the Wall Street Journal. As the large inventory of distressed homes on the market continues to push a reduction in home prices as well as an increase in rental prices, the […]

Real Estate Review: Mortgage Rates Set New Low, Homeowners Get More Time, Banks Get Blame and “Reverse Foreclosure”

Mortgage Rates Set Fresh 2011 Low After Jobs Report Fixed rate home mortgage loans dropped for the eighth straight week to a new low for 2011 amid concerns of another economic slowdown this year, according to data from Freddie Mac and a report by The Wall Street Journal. The 30-year fixed-rate mortgage averaged 4.49%, down from 4.55% last week and […]

Workshop Replay: Goodbye Yellow Brick Road – No more Fannie Mae and Freddie Mac

Why isn’t Wall Street in Jail? Is our government a giant Ponzi scheme? These are the questions Roy Oppenheim asked during Wednesday night’s Short Sale and Foreclosure Defense seminar. During the webcast, Oppenheim discusses how with the departure of Fannie Mae and Freddie Mac also goes the traditional 30-year mortgage, paving the way for a new 20-year mortgage, higher interest […]

Double Dip Recession? Why Not Bet on the Trifecta?

Oppenheim Law tells all at 6 pm tonight with perspective on the state of Florida Real Estate via a free Webcast or be part of a live audience in Boca Raton.   Homeownership will no longer define the American Dream. That’s because 30-year, fixed–mortgage loans that we’ve known since the 1950s may become a luxury if the federal government tightens […]

Florida Real Estate Trends: Renting, Buying, Financing at Your Own Risk Later

The Florida real estate market just can’t catch a break! With Obama’s new federal housing finance plan unveiled, including its proposal that government phase out the support of Fannie Mae and Freddie Mac, it’s unclear what the impact of such a move would be on the fragile housing and mortgage market. But one thing is for sure: Financing a home […]