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Atlanta, GA 30310

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  2. Freddie Mac

Freddie Mac

Government Struggles to Keep Interest Rates Low

Mortgage rates are rising, despite the government’s efforts to hold them down.   The government can’t control all the factors that affect mortgage rates. Mortgage interest has climbed because more borrowers refinanced when rates fell and boosted the supply of mortgage bonds.   Experts also attribute rising rates to expanded borrowing by the government to […]

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Fannie/Freddie-Ban on Foreclosures!!

Freddie Mac and Fannie Mae Announce Ban on Foreclosures Until Jan. 2009 Mortgage finance giants Fannie Mae and Freddie Mac revealed Thursday afternoon they will work to keep Americans in their homes, announcing a suspension on foreclosures starting Nov. 26, 2008 until Jan. 9, 2009. The two companies said no evictions will take place during […]

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Home Prices Fall to 2005 Levels

U.S. home prices fell 5.5 percent in July compared with the same month a year ago and are about equal to where they were in Oct. 2005, according to the Federal Housing Finance Agency. Prices were down 0.6 percent from June on a seasonally adjusted basis, according to the agency. James Lockhart, director of the […]

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Why This Autumn is a Great Time to Buy

This fall could be a particularly great time for first-time or buyers long out of the market to jump in, say a variety of real estate professionals. Here are the reasons why: Prices are probably as low as they are going to go as the market stabilizes, thanks to the government takeover of Freddie Mac […]

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Mortgage Lenders

Renovation Mortgage Plus Mario E. Boles/ Diego Hodge FHA/203K/Fannie Mae (Homestyle)/Freddie Mac (Renovation Mortgage) 2475 Northwinds Parkway, suite 200 Alpharetta, GA 30009 Office: 770-753-6239  mario.boles@renovationmp.com diego.hodge@renovationmp.com *Vonda Henry, Loan Officer (West End Resident) Advertent Mortgage   404-374-3557  *Bank of America Mortgage Darren Smith Mortgage Loan Officer Assistant Vice President 6075 Roswell Rd Atlanta, GA. 30328  404-256-6326  Phone  866-517-8923  […]

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Opteum Mortgage: Mortgage News

Ringing in the new year will be a present from Fannie Mae and Freddie Mac to borrowers with credit scores under 680. Here is what these borrowers on conventional loans with Loan-to-values over 70% will receive on either purchases or refinances: Credit score less than 620: Either a 2 discount point sur-charge or a higher […]

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