In some housing markets, buyers are back, spurred on primarily by the drop in housing prices. That drop has substantially reduced the monthly cost of homeownership, creating conditions where owning a home is less costly than renting one.

Fannie Mae, the agency sponsored by the U.S. government to help make housing more affordable to all Americans, now offers HomePath, a special new home loan to finance the sale of its current real estate owned (REO) properties across the country.
Lower down payments and relaxed requirements mean more homeshoppers can become homebuyers. HomePath helps you [...]

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Were you aware that Prospect Mortgage is the leader in REO (foreclosure) Financing in the nation? We already have over 150,000 quality REO properties through our preferred lender relationships with American Home Servicing, Inc., Indymac Federal Bank and [...]