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Archive for the ‘fannie mae’ Category

Can It Get Any Worse?

Posted in 01453, FHLMC, fannie mae, fnma, freddie mac, realtyman on July 12, 2008 | Leave a Comment »

Residential sales are off of last years pace in units And the average (and median) sale prices are falling as well (not as much as units, thankfully). And we all know that mortgage financing has become harder to obtain as of late.
So… Just when it was looking pretty bad out there, Fannie and [...]

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Fannie Mae (FNMA) Takes Away Declining Market Penalty

Posted in FHA, central MA, declining market, fannie mae, fnma, loan, mortgage, realtyman, towne country realtors, worcester, worcester county on May 21, 2008 | Leave a Comment »

On May 16th, 2008 FNMA (otherwise know as Fannie Mae) has repealed the reqirement that borrowers in ‘Declining Markets’ put an Additional 5% down payment on top of the typical down payment required for the program Effective June 1st, 2008. This is GREAT NEWS for Worcester Country, MA which was declared by FNMA as [...]

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