Fannie Mae and Freddie Mac will require loan servicers who need more than 30 days to make a decision on a short-sale offer to provide weekly status updates and give a thumbs-up or thumbs-down no later than 60 days after receiving an offer.
After four years of debilitating fear and a market flooded with ownerless houses, the tide is finally beginning to turn. In fact, I believe the housing market, home building especially, is about to surge.
“My fellow citizens, I stand here today to tell you that, if given a second term, I have very big plans for our nation’s future,” Obama said during a rally at Chicago’s Navy Pier. ”Ambitious, forward-thinking plans I will have to drastically scale down based on opinion polls, budget considerations, and political roadblocks, but, you know, I’ll see what I can do. No promises, though.”