Saturday, February 11, 2012
Fannie Mae tries to stimulate market for foreclosed homes
The mortgage giant quietly launches the HomePath program, which offers subprime-era terms for buyers: minimal down payments, no appraisals, no mortgage insurance and lower minimum credit scores.
If you’re a buyer with little cash or a small-scale investor looking for a deal on a foreclosed house, a little-publicized national lending program could be just what you need this fall.
Read the original post on L.A. Times – Real Estate News
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