Freddie Mac’s real estate sales unit is looking to bring in more lending partners to widen the reach of its financing program implemented last year specifically to move the GSE’s real-estate owned properties. Since the company rolled out its Homesteps Financing program during the second half of 2012 in four select states, the new financing option for both owner-occupied and investor purchase of REO properties has yielded promising enough results to prompt expansion, says a Freddie…
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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