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November 25, 2014

Under FHFA Policy Change, ‘Qualified’ Foreclosed Homeowners Can Repurchase Their Homes

By Charles Wisniowski

Prior to FHFA’s new directive, Fannie and Freddie required homeowners who have been through foreclosure and want to buy their home back to pay the entire amount owed on the mortgage.

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Poll

With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

75% or higher
50% to 74%
30% to 49%
Under 30%

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