Freddie Mac First Look Initiative E-mail

Freddie Mac First Look Initiative Gives Homebuyers 15 Days
to Buy Homesteps® Homes Without Investor Competition
For Immediate Release
September 15, 2010
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or (703) 903-3933

McLean, VA – Freddie Mac (OTC: FMCC) today announced it is expanding the Freddie Mac First Look Initiative
on September 17, 2010 so any home shopper can buy a HomeSteps® home as their primary residence during
the first 15 days of the property's listing without competition from investors. HomeSteps is the real estate sales
unit of Freddie Mac and markets a nationwide selection of Freddie Mac-owned homes.

News Facts

The Freddie Mac First Look Initiative supports Freddie Mac's mission to stabilize communities and foster
affordable homeownership opportunities by giving homebuyers 15 days to buy a HomeSteps home as
their primary residence without investor competition.

In Nevada, the Freddie Mac First Look Initiative offers buyers who plan to become owner-occupants a 30
day window to shop without investor competition.

Investment, vacation or second home purchasers are ineligible for the Freddie Mac First Look Initiative.

Today's announcement builds on the national First Look effort the U.S. Department of Housing and Urban
Development and National Community Stabilization Trust (NCST) launched on September 1, 2010 to
provide an exclusive 12-day window to owner-occupant buyers working with Neighborhood Stabilization
Programs (NSP) grantees non-profits working with NCST.

The Freddie Mac First Look Initiative will provide a 15-day window to buyers working with NSP and NCST
affiliated groups.

Home shoppers should contact their local real estate broker or visit HomeSteps.com for more information
about the Freddie Mac First Look Initiative.

Quotes
Attribute to Chris Bowden, Vice President, HomeSteps.

"The Freddie Mac First Look Initiative will provide America's home shoppers with an exceptional new
opportunity to buy affordable homes to live in at a time when mortgage rates are at a 50-year low."

"Expanding the Freddie Mac First Look Initiative emphasizes Freddie Mac's commitment to manage its
REO inventory to help stabilize communities, foster affordable homeownership opportunities, and
responsibly safeguard tax dollars."

 

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's
residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital
to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five
million renters.

More Details: Freddie Mac/HomeSteps First Look FAQ

 

 

 

 

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