To spark more interest in its massive holdings of foreclosed properties, Fannie Mae is offering to cover up to 3.5% of closings for homeowners who can close by June 30.
"Fannie Mae wants to help more buyers afford to purchase their new home. That is why we are offering up to 3.5% in closing cost assistance for HomePath properties," the GSE said on Twitter.
Read the entire story from National Mortgage News >>
Posted on Fri, April 15, 2011