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Freddie Mac Single-Family Seller/Servicer Guide Bulletin

June 8th, 2009 11:58 pm
Freddie Mac released bulleting Number: 2009-5 on March 4, 2009 in support of the federal Making Home Affordable Program. The bulletin included eligibility requirements for the Freddie Mac Relief Refinance Mortgage. The following are key aspects of that

1st Quarter Home Sales Report

May 19th, 2009 7:18 pm
Categorized in: Home Buyers
NJAR responds to NAR report Consumers who are first-time home buyers face a remarkable situation right now with an $8,000 tax credit from the federal government, plus the opportunity to obtain up to... [Read More]

New Appraisal Requirements

April 20th, 2009 4:12 am
Categorized in: Buyers
There are changes in the way appraisals will be handled beginning May 1st. If you're a potential buyer, you should know how this impacts you.

Most mortgage rates down this week

April 18th, 2009 7:33 am
Categorized in: Home Buyers
Rates recede Freddie Mac released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 4.82 percent (with 0.60 points) for the week ending Apri... [Read More]

Fed's actions may lower rates

March 18th, 2009 6:02 pm
Categorized in: Local News
Possibly as early as tomorrow mortgage rates may reflect the Federal Reserve's stunning plan to buy up to $300 billion of long-term government bonds...

Loan Modification Program Series 5: Housing Relief effort, Refinancing with Fannie Mae and Freddie Mac

March 16th, 2009 7:12 pm
Although The White House had stated that its refinancing efforts would be for owner-occupied principal residences only, last week Fannie Mae and Freddie Mac announced that investor and second family home loans were now included among those eligible for re
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