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Freddie Mac is doing its part to educate homeowners about foreclosure in a new video series on YouTube called "Get the Facts." It almost sounds like a sex education campaign, but the informational ...
Buying foreclosed homes soared in popularity during the Great Recession as a wave of foreclosures hit the market and drove down prices nationwide. While foreclosure rates since then have fallen ...
Freddie Mac HomeSteps U.S. Department of Housing and Urban Development Hud Homes In most cases, you’ll need a real estate agent to submit your offer on a foreclosure.
Between August 2007 and October 2008, 936,439 US residences completed foreclosure. [128] Foreclosures are concentrated in particular states both in terms of the number and rate of foreclosure filings. [129] Ten states accounted for 74% of the foreclosure filings during 2008; the top two (California and Florida) represented 41%.
"Over the past decade Fannie Mae and Freddie Mac have reduced required down payments on loans that they purchase in the secondary market. Those requirements have declined from 10% to 5% to 3% and in the past few months Fannie Mae announced that it would follow Freddie Mac's recent move into the 0% down payment mortgage market." [153]
In the task at hand to make headway against foreclosures and the depressed housing market. Fannie Mae and Freddie Mac entered a new phase on December 9, 2008 for a fast-track program meant to make "hundreds of thousands of mortgages affordable to people who can't currently meet their monthly payments." [16]
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