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No money down mortgages still available
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Posted on
Jun 10 2008 3:02 AM
by
adeal
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Although home prices have fallen 9 percent from their peak, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp., as federally backed companies, are obligated to help expand the availability of mortgages. Freddie Mac and Fannie Mae don't offer loans directly, but set market conditions by doing business with lenders. Loans are still available that cover the home and transaction costs.
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