Senate banking leaders reach deal on Fannie, Freddie bill outline

(Reuters) – The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac that they said would continue to provide access to long-term, fixed-rate mortgages. Committee Chairman Tim Johnson, a Democrat, and Senator Mike Crapo, the panel’s top Republican, announced the agreement after working for…

Foreclosure Totals Down 26 Percent Year-Over-Year in 2013

RealtyTrac has released its Year-End 2013 U.S. Foreclosure Market Report, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 1,361,795 U.S. properties in 2013, down 26 percent from 2012 and down 53 percent from the peak of 2.9 million properties with foreclosure filings in 2010. The 1.4 million total properties with foreclosure…