Explaining Fannie Mae & Freddie Mac

From The Detroit Free Press:

Fannie Mae and Freddie Mac are publicly traded companies that guarantee the majority of new mortgages in the U.S.  Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corp.) were taken over by the government in 2008 after billions of dollars in losses and years of mismanagement at a cost to taxpayers of $141 billion.
Fannie and Freddie operate in the U.S. secondary mortgage market. They don't sell mortgages directly to homeowners; they buy mortgages from banks and other lenders, which can use the money to issue new home mortgages.

Continued...

Best Places To Live In America

Money Magazine's yearly list of the top 100 places to live in America is out.  My hometown of Plymouth, Michigan has placed in the top 50 year after year.  This year?  Not one single Michigan city made the top 100.  Another sign of the beating Michigan has taken in recent years. 

Satellite View Of Homes in Foreclosure

Fascinating and Frightening (Thanks to Sue W. for posting this on Notary Rotary).

Notary Bond Requirements

Thank You To 123 Notary

Thank you to Jeremy and 123 Notary for mentioning my blog on their forum. A little love is always appreciated.  And they think I'm cool (which I totally am).  No, really I am.  123 Notary is listed on my resource page under Notary Signing Agent Forums as well as Mobile Notary Public Locator Services (I love the zip code search right on the front page), and I consider my 123 listing as an absolutely essential part of my online presence.  If you want to be found, you've got to be on 123.   

123's notary blog can be found here.