The federal takeover of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, affectionately referred to as Fannie Mae and Freddie Mac, marks a major change on the local financial front. The financial crisis that preceded the takeover is being touted as the worst since the Great Depression. That's news no real estate agent, let alone buyer or seller, wants to hear. But it isn't all bad. In fact, now is a great time to buy. ...
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