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  • Amazon and Realogy gang up on Zillow to entice homebuyers

    You purchase toilet paper, computers and paper towels through the Amazon website. Now, you can buy your next house. The world’s largest retailer is partnering with Realogy, the largest U.S. residential brokerage, to match homebuyers with real estate agents through a program called TurnKey. In return, customers get up to $5,000 of Amazon products and services. And, yes, that includes Alexa-enabled smart home devices.

Items Tagged with 'Duty to Serve'

ARTICLES

  • FHFA reveals targets for Fannie Mae, Freddie Mac in 2019

    End of LIBOR, multifamily affordability
    The Federal Housing Finance Agency announced new goals for Fannie Mae and Freddie Mac for 2019. Many of the 2019 Scorecard’s initiatives are carried over from previous years, and instruct the GSEs to “continue” in their current efforts, however, there were also new items on the list.
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  • New Freddie Mac job program helps homeowners in poverty areas

    Announces partnership with NextJob
    Freddie Mac announced Thursday that it entered into a new partnership to help current and aspiring homeowners find jobs in persistent poverty areas. Freddie Mac explained its goal that the partnership will provide meaningful opportunities to create and sustain homeownership for families across rural America.
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  • Fannie, Freddie release official strategy to serve underserved markets

    FHFA requests public input on proposed 3-year plans
    Fannie Mae and Freddie Mac released their three-year plans for Duty to Serve Underserved Markets. Now, the FHFA is asking for feedback from the industry. The Duty to Serve program, mandated by the Housing and Economic Recovery Act of 2008, requires the GSEs to lay out their plans to serve three specified, underserved markets to deliver more affordable housing.
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  • FHFA makes it official: Fannie, Freddie required to open credit box to "underserved"

    FHFA unveils final "Duty to Serve" rule
    Eight years after the passage Housing and Economic Recovery Act of 2008 mandated that Fannie Mae and Freddie Mac increase lending to three specific “underserved” markets, the Federal Housing Finance Agency announced Tuesday that the government-sponsored enterprises must work to open the credit box for certain very low-, low-, and moderate-income families.
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