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Some times we need our Uncle… Some times we don’t.  With Fannie and Freddie Mac in trouble with debt Uncle Sam has had to step in and make some quick revisions to the current mortgage industry to hopefully strengthen it.  There was a House Rescue Bill that was approved on July 23rd that should be

I receive newsletters from Jeff Teplitz, a Mortgage Consultant for National City Mortgage in Burlington VT. I found this one to be of particular interest, so I thought I would pass it on. If you are looking for more information, Jeff’s contact information is below.

FDIC shuts down IndyMac The Federal Deposit Insurance Corporation (FDIC) was named conservator. The FDIC will transfer insured deposits and substantially all the assets of IndyMac Bank, FSB, Pasadena, CA, to IndyMac Federal Bank, FSB. Brokered deposits will be The US r... 0