http://realestatenewsdaily.com Your Daily News Source for Real Estate Fri, 10 Dec 2010 06:21:49 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://realestatenewsdaily.com/outlook/lenders-pact-unveiled/ http://realestatenewsdaily.com/outlook/lenders-pact-unveiled/#comments Fri, 25 Dec 2009 13:38:50 +0000 Avatar http://realestatenewsdaily.com/outlook/lenders-pact-unveiled/ Freddie Mac has forged an agreement with three major mortgage lenders which would enable funding for large home loans or those that reach almost half a million dollars. Freddie and Fannie Mae are two of the government-backed lenders who have been doing damage control after billions of dollars of losses in the sub-prime lending financial crisis they have been forced to deal with. The deal seems to be forged with Mac and those big-time lenders with no news yet from the avenue of Mae whether they would be following suit. This paves the way for large homes that would otherwise have to be foreclosed allowing more funding to alleviate and even prevent it from happening. This is one more event in the long period of recovery that would be needed to amend the broken housing market which is hoped to start rebounding this 2009.

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