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reo: Fannie Mae & Freddie Mac Changes on the Horizon - 02/29/08 12:25 AM
If you have been paying attention to the recent news surrounding the economic stimulus package, you know that conforming loan limits are set to rise. Old limits of $417,000 are being changed on a county by county basis, based on the median home prices for that particular county. That is good news for the housing market, but more changes are on the horizon. Just raising the conforming limit (the maximum loan amount Fannie Mae and Freddie Mac can purchase) is a good first step, but more needs to be done to get us out of the current housing crisis. An additional issue
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reo: How to Find BPO & REO Listings and Leads - 02/26/08 02:00 AM
BPO Jobs & REO listings are becoming a larger niche market today. With the downturn in the housing market, and influx of bank owned properties, many real estate agents are tapping these niche market income streams. Here is a quick overview of what a BPO and REO are, and where to go to find that business. The BPO market is a way to make some money between closings. A BPO is a broker price opinion, and are used by banks and hard money lenders to value properties either without having to order a full appraisal, or in addition to a full
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