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Freddie Mac housing outlook focuses on vetting low downpayment loan
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Wednesday, August 12, 2015
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It is different this time. At least that’s the
contention of the writers of Economic and Housing Outlook regarding new
low downpayment mortgages. Freddie Mac’s Office of the Chief Economist,
which publishes the report, says that the company’s Home Possible Advantage
mortgage, introduced in March, is a very different product than
similar loans that were common before the housing crisis. How has this
“different” method opened more doors for potential new homebuyers? Read on to
learn more.
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