While the country is in such a low, economic state, it can be hard to find a reliable lender for financing your home. The below article talks about how you can wiggle your way into marketplace and what you need to know to do it.

The recent epidemic of home foreclosures has created an environment of paranoia for both lender and borrower alike. At the heart of this paranoia is the Federal Government, which created haphazard conditions in which lending institutions were required, by law, to operate. The two banking entities adding kerosene to the home loan market bonfire are the Federal Home Loan Mortgage Corporation, or Freddie Mac, and the Federal National Mortgage Association, or Fannie Mae. Both institutions were created initially to provide a market pool by which federal funds would be used to secure mortgages in the event of default.

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