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    Freddie Mac reported a $354 million net loss in the first quarter, significantly down from its $2.2 billion net income recorded in the fourth quarter of 2015. The news is a reminder of the GSE's net loss in the third quarter of 2015, which marked the first loss in four years. But despite the news, Freddie CEO Donald Layton remains positive on the results. Click the headline to find out why.

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Maryland county starts foreclosure clean-up

Opens doors for more low-cost housing

affordable housing

According to the Frederick News-Post, local officials in Frederick County Maryland are clearing away foreclosures that are cluttering local real estate markets while opening the door for more low-cost housing.

Frederick County commissioners Thursday agreed to provide $50,000 in startup funds for the new affordable housing land trust, a nonprofit that is in its final phases of design. The trust will offer homes for sale at drastically reduced prices by subtracting the cost of land from the total, Commissioner Billy Shreve said.

Source: FNP
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