Fannie Mae is gearing up to launch HomeReady, a new program to facilitate homeownership in designated low-income, minority and natural disaster areas.
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Homeowners negatively impacted by the Millennium Boom may gain access to FHA-backed financing earlier than anticipated. FHA-insured financing is a critical artery that funnels money to homebuyers, and by extension, California agents. More homebuyers with access to purchase-assist funds equal more fees for agents in the wake of the housing crisis.
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