WASHINGTON (Reuters) – The Obama administration, in an election-year bid to help distressed homeowners, on Friday expanded its main foreclosure prevention program, and pushed for Fannie Mae and Freddie Mac to forgive mortgage debt.
Tag Archives: Fannie Mae
The history Of Residence
Many of us don’t even think regarding the particular phrase mortgage loan means as precisely what and also for us. Believe it or not, the word ‘mortgage’ has been around for a long period, dating back to to be able to roughly 1190.
Fannie Mae And You
Are you a first-time homebuyer? Are you considering purchasing a home now, while the prices are low? Some people may be thinking that this is not the time to buy, as everyone is talking about what a “bad economy” we are in right now, but if you think about it logically for a minute, this can be the perfect time to get the home of your dreams, and Fannie Mae is one program that can help you get the financing you need.
Expresspath Financing A Solution For REO Sales
Expresspath financing is available only on Fannie Mae REO properties. This is a special type of financing that can make getting into the home of your dreams a reality as there is a very low down payment of $500, low interest rates, waived mortgage insurance, and 15 or 30 year terms. Consider going with expresspath financing if you want a REO property.