The Wrap: Appraisal volume ticks down after two weeks up

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement

Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Yale legal scholars on #FannieGate
W S

Freddie Mac adds six more states to REO winter promo

/ Print / Reprints /
| Share More
/ Text Size+
The real estate sales unit of Freddie Mac is expanding its winter sales promotion. The HomeSteps initiative will be available in six more states, bringing the total to 33. Alaska, Kansas, Kentucky, Missouri, Oregon and Washington are now part of the program. "We're expanding our winter promotion to focus additional incentives to encourage strong sales activity in our 'cold weather' states over the next several months." said HomeSteps executive Chris Bowden. Under the HomeSteps Winter Sales Promotion, HomeSteps will pay up to 3% of the final sales price toward the buyer's closing costs and a $1,000 selling agent bonus for initial offers received between Nov. 15 and Jan. 31, 2012. Escrow must be closed on or before March 15, 2012. Freddie added that its properties typically go to owner-occupants and sell for on average 94% of the property's value. Write to Jacob Gaffney. Follow him on Twitter @jacobgaffney.

Recent Articles by Jacob Gaffney

Comments powered by Disqus