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document.writeln('Fannie Mae calls its latest REO home sales program "First Look," but investors might want to call it "Second Look."
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document.writeln('HUD Secretary Shaun Donovan made it official last week: Applicants for FHA insured mortgages in the coming months are going to be hit with higher costs and tougher credit standards.
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document.writeln('We\'ve been watching a buyer\'s market for so long, we\'ve almost forgotten how to see the signs of the building of a seller\'s market. Keep in mind, a seller\'s market slowly builds (over months) while a buyer\'s market can hit overnight.
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document.writeln('Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.71 percent with an average 0.7 point for the week ending December 3, 2009, down from last week when it averaged 4.78 percent. Last year at this time, the 30-year FRM averaged 5.53 percent. The 30-year has never been this low since Freddie Mac began its weekly survey in 1971.
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