Fannie Mae offers help with closing costs to move its inventory of foreclosed homes.
This post comes from partner blog The Dough Roller.
Fannie Mae just announced new incentives for homebuyers (and Realtors) that I thought were worth passing on. Fannie Mae, a government-sponsored enterprise, adds liquidity to the mortgage market by buying certain home loans. By buying up loans, Fannie Mae puts money back into the mortgage market so banks can lend more money to homebuyers.
With the downturn in the home market, however, has come a record number of foreclosures. To help move this inventory, Fannie Mae announced two incentive programs, one for homebuyers and one for Realtors.
Read more at: New incentives for homebuyers- MSN Money.