Tag: Freddie Mac
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A “Silver Tide” of Boomers Will Pass Their Deeds Along — And It’s Rolling
Freddie Mac is planning for nine million baby boomers to let their homes go — gradually. Freddie Mac’s recent analysis predicts just 300,000 boomer-owned homes will be released to the market this year. Larger numbers will follow, though, increasing year by year. Freddie Mac’s report shows the silver tide has begun to roll. Expect the…
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What’s a “Scratch and Dent” Mortgage?
Last year, mortgage lending slowed to a crawl. So, the lending industry had some extra time on its hands. Fannie Mae and Freddie Mac took advantage of some of that extra time to go over the loans they purchased in the sizzling hot market of 2020-21. During those frenzied months, underwriters were under pressure to…