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Real Estate & Property Law

: Housing Wire

Fannie Program Sees 70% Recidivism

By DIANA GOLOBAY

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A program aimed at helping delinquent borrowers become current once more on their mortgages will likely see decreased volumes at mortgage giant Fannie Mae (FNM: 0.75 -3.85%) after the Federal Housing Finance Agency (FHFA) noted a significant majority of participants soon redefaulted after receiving aid. Fannie first launched the HomeSaver Advance (HSA) program in February ‘08 [...]

Full post as published by Housing Wire on May 22, 2009 (boomark / email).

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