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roseville homes: Fannie Mae and Freddie Mac Take-overs Will Effect Rocklin Real Estate and Home Purchases - 09/07/08 08:56 PM
Placer County and Sacramento Counties have seen very high rates of short-sales, foreclosure, and bank-owned properties since 2006, causing home prices to drop 20-40%. Roseville, Lincoln, and to a lesser extent Rocklin, have been effected because of competitive pressures from bank-owed foreclosures and short-sellers desperate to unload their homes.
Fannie Mae and Freddie Mac are the "wholesalers" of the home mortgage market. About 50% of homes in Rocklin have mortgages that are guaranteed by one of the government-sponsored enterprises (GSE's).
What happens if Freddie and Fannie go away? The market for home mortgages would be like driving out into the Central … (0 comments)

 

J.Scott Carpenter Sacramento/BayArea/SoCal

Roseville, CA

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