Real Estate News Blog, (District of Columbia)

Wall Street Got Drunk (District of Columbia )

Posted by Art C Ryter: (/District of Columbia) Wall Street President George W. Bush remarked that the foreclosure crisis emerged as the bad hangover from a drunken lending spree by Wall Street firms. The Bush family was looking to help the Houston area out through their purchase of a new home.
Tags: crisis, foreclosure. District of Columbia Comments: 0.

Rep. Frank asks lenders to avoid passing foreclosures (District of Columbia )

Posted by Website Introductions: (/District of Columbia) Good news for both lenders and borrowers: the federal government is already nearing the approval of a House bill that will move 400 000 distressed loans to a more affordable package backed by the national government. Prior to this, Rep. Barney Frank of Massachusetts asked lender to refrain from passing foreclosures while the bill is still in
Tags: laws, foreclosures. District of Columbia Comments: 0.

Subprime Lending in Washington Area (District of Columbia )

Posted by Art C Ryter: (/District of Columbia) Suggests that the overall housing market in Washington, D.C. is trending down and that buyers looking for deals are in the driver's seat. Rising foreclosure rates and a tight mortgage market continue to threaten. If you are in a tight spot, but happened to buy in a good zip code, you may be able to still refinance and avoid foreclosure, because
Tags: real estate, investment. District of Columbia Comments: 0.