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Conventional loan (3–7 years) – After a foreclosure, it can take you as long as seven years to get a conventional loan (one that mortgage market-makers like Fannie Mae or Freddie Mac will buy ...
In 1995, Freddie Mac began receiving affordable housing credit for buying subprime securities, and by 2004, HUD suggested the company was lagging behind and should "do more". [ 17 ] Freddie Mac was put under a conservatorship of the U.S. federal government on Sunday, September 7, 2008.
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 ...
In 2003, the Bush Administration sought to create a new agency, replacing the Office of Federal Housing Enterprise Oversight, to oversee Fannie Mae and Freddie Mac.In 1992, in the wake of the savings and loan crisis, and over concern that similar lending problems would develop, the Office of Federal Housing Enterprise Oversight was created as part of the Department of Housing and Urban ...
Suppose you bought a foreclosed house and moved in with your family. You loved your new home -- until this month, when news broke that major banks had screwed up thousands of foreclosures by ...
Judicial foreclosure: With a judicial foreclosure, the lender files a lawsuit and the borrower is notified of the non-payment. The homeowner has 30 days to make up the missed payments, otherwise ...
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Beware, real estate speculators: Your advantage is waning. The Obama administration announced today that major banks have agreed to allow local governments and nonprofit groups to purchase ...
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