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Posts Tagged ‘financing’

Fannie Mae giving Cash Back to Buyers

Monday, February 1, 2010 posted by Tommi Crow

Fannie Mae will pay buyers up to 3.5 percent in cash to use toward their closing costs or for purchase of applicances. Sale must close by May 1, 2010

Foreclosures Suspended thru the Holidays

Friday, November 21, 2008 posted by Tommi Crow

It looks like we may all be home for Christmas after all.  

Freddie Mac and Fannie Mae, the mortgage-finance companies seized by the U.S. government, will suspend foreclosures and evictions over the holidays.

The six-week pause will begin Nov. 26, a day before the U.S. Thanksgiving holiday, and last through Jan. 9, the companies said in separate statements today.  The much needed reprieve is designed to give servicer’s more time to implement a streamlined loan modification program for struggling borrowers.

Happy Holidays and thanks for visiting InfoTube.net homes for sale website.