Released: October 11, 2009

Fannie and Freddie sell foreclosed homes

Source: Bob Tedeschi, New York Times (Free Registration)

Home buyers are not accustomed to getting much help with their mortgage financing; generally, they’re happy just to get a loan closed.

At least one group of borrowers, though, could get a break. Fannie Mae and Freddie Mac, the government-controlled companies that buy mortgages in bulk from lenders, are offering financing incentives for buyers of foreclosed homes that Fannie and Freddie own.

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