Friday, February 5, 2010
NEWS YOU CAN USE
Freddie Mac CEO: Housing Is Near Bottom
Inventory of foreclosed homes poses the biggest risk to the markets, but overall the housing sector seems to be at or near the bottom, says Freddie Mac CEO Charles Haldeman. Read more.
Fannie to Offer Closing Cost Aid on Foreclosures
Fannie Mae plans to pay 3.5 percent in closing costs on purchases of foreclosed homes in its inventory. Read more.
FHA Relaxes Anti-Flipping Rule
The Federal Housing Administration has changed an "anti-flipping rule" to try to speed up sales of renovated homes in communities with too many bank-owned and foreclosed homes. Read more.