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Archive for the 'Real Estate News' Category

The new housing rescue bill signed Wednesday takes aim to bolster Fannie Mae and Freddie Mac.  In a late additon to the bill, the law allows authority for the Treasury to lend a financial hand to Fannie Mae and Freddie Mac if it deems it necessary to help stabilize markets.
For starters, a more strict regulator will be [...]

HUD Chief Resigns

The Bush administration’s top housing official is under a criminal investigation and announced Monday he is quitting.  Housing and Urban Development Secretary Alphonso Jackson said his resignation will take effect on April 18.  For a couple of years now, Jackson has been fending off allegations of cronyism and favoritism involving HUD contractors. The FBI has [...]

Would you believe that Office of the General Tresurer is holding more than $124 million in unclaimed property and assets?  These are properties, bank accounts, etc. which have simply been forgotten about.  This records can go back decades for you or a family member.   RI State law requires businesses to turn over inactive financial accounts [...]