If you’re unemployed and in danger of going into default on your mortgage the nation’s Government Sponsored Enterprises (GSE’s), Fannie Mae & Freddie Mac, are making some important changes to their foreclosure and forbearance (when the bank suspends collection of payments for a period of time, kind of like a timeout on making [...]
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When it opens in a few days, Sacramento area homeowners will have a new resource in Fannie Mae’s new Mortgage Help Center. The new center will provide counseling for homeowners that owe more on their home than it is worth as well as those seeking to modify their loans. To qualify for the [...] I have some GREAT news. Government-chartered mortgage giant, Fannie Mae announced they are bringing back closing cost assistance to buyers of HomePath-eligible homes. People buying one of the Fannie Mae owned REO’s will receive a 3.5% credit towards closing costs. In most cases this 3.5% should be enough to cover 100% of the [...] This is a great article by one of our nation’s top independent financial professionals, Ric Edleman. Ric talks about today’s real estate market, the different perspective between buyers and sellers, and why this difference may be slowing down the normal real estate cycle. Ric’s article <- click Fannie Mae is offering buyers up to 3.5% in closing cost assistance on HomePath® properties. HomePath homes are REO’s that have already been taken back by Fannie Mae and put on the market at a certain price as HomePath eligible. I did a complete breakdown of the HomePath on a previous post but here is a quick reference… [...] |
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