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Keyword: housingcrunch

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  • Warren Says She's Willing To Ban Construction of New Homes in America

    01/12/2020 11:23:50 AM PST · by rktman · 161 replies
    westernjournal.com ^ | 1/12/2019 | C. Douglas Golden
    “What scares me is every time you go back to the scientists, they tell you two things,” the senator said. “It’s worse than we thought, and we have less time. “That means we’ve got to be willing to do things, for example, like regulation. By 2028, no new buildings, no new houses, without a zero carbon footprint.” And she’s coming for your car and electricity bill, too. “By 2030, trucks — light-duty trucks and cars, zero carbon footprint. By 2035, all production of electricity, zero carbon footprint,” Warren said.
  • Fannie warns homeowners who walk away

    04/14/2008 7:56:05 AM PDT · by SmithL · 23 replies · 130+ views
    San Francisco Chronicle ^ | 4/14/8 | Kenneth Harney
    The country's two largest sources of mortgage money have a blunt warning for anyone thinking about joining the growing "walkaway" trend, where homeowners stop making payments and months later send the house keys back to their lender: You will feel the pain. On March 31, Fannie Mae sent out new guidelines to lenders intended for walkaways and other foreclosure situations. Fannie will now prohibit foreclosed borrowers from getting another mortgage through the giant investor for five years, unless there are "documented extenuating circumstances." In those cases, the mortgage prohibition is for three years. Even after five years, borrowers with foreclosures...