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Tuesday, February 2, 2010

Fannie Mae Announces 3.5 Percent Seller Assistance on HomePath® Properties

Just a quickie today. A Fannie Mae press release has let it be known that Fannie's knees are starting to buckle and things are getting desperate to move some inventory by announcing this welcome news on seller assistance. Bad news for Fannie may be good news for aspiring homeowners.

Now if they would only loosen the purse strings to make short sales a lot easier...this may be coming soon. In the end, I think it's those "vultures" called investors who will help save the system.

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