Not all homes are available on the open market. If you’re looking for a bargain that’s a fixer-upper, you might want to work with a bank or government agency. Foreclosure homes can be a great deal.
Fannie Mae often finds itself selling homes directly to homebuyers and investors through its Fannie Mae HomePath program. But how does Fannie Mae end up with these properties, and can the program work for you?
Fannie Mae Government-Sponsored Enterprise
Sponsored by the U.S. government, Fannie Mae provides liquidity and stability to the housing market. It purchases mortgages from lenders and sells them on the open market.
Anne Johnson
Author
Anne Johnson was a commercial property and casualty insurance agent for nine years. She was also licensed in health and life insurance. She went on to own an advertising agency, where she worked with businesses. She has been writing about personal finance for 10 years.
