| Fannie Mae to Penalize Some Who Walk Away |
Government-backed mortgage purchaser Fannie Mae is urging distressed home owners avoid foreclosure by
banning those who walk away from getting new loans for seven years. The policy targets troubled borrowers who do not try in good faith to work out a deal,
but have the capacity to pay.
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What NFL team member recently broke into Top Pot Doughnuts at 3am to steal a maple bar, claiming, "They're irresistible?"
Everyone who emails the correct answer will be entered into a drawing to win a $35 gift certificate to Outback Steakhouse. Congrats to last month's winner, Melissa Johnson.
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Carrie Pierce
425.518.1176
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The focus of the U.S. real-estate market lately has
been the number of foreclosures and people trying to purchase cheap housing.
But Brian Wesbury, chief economist at First Trust Advisors, says that if
Americans don't start focusing on building new houses, the market will have a
much bigger problem. 
