Finance & Mortgage

Speculation on Fannie Mae and Freddie Mac’s Future Continues

The American administration has been speculating the future of two famous government-backed mortgage lenders, Fannie Mae and Freddie Mac since 2011. Though the pace at which decisions about the two entities are being made is slow, the government is diligently working on various proposals to determine a new future for the now-profitable lending giants.

UK Commercial Property Values Jump in May Ending 18-month Lag

Commercial property values rose in the U.K. in May marking the end of an 18-month lag in the sector, according to a property index of Investment Property Data, a real estate intelligence firm.

US Home Foreclosures Up 11 Percent in May

Foreclosure activity in the U.S. hiked to reach 11 percent in May, up 2 percent from the figures of April but still down 29 percent from the figures recorded a year ago, according to the data released by real estate intelligence firm, RealtyTrac.com.