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Fannie Mae Extends Homebuyer Assistance Program
MAY
3

NEWS RELEASE

April 27, 2010

Fannie Mae Extends 3.5 Percent Seller Assistance on its Real Estate Owned Properties

Incentive for HomePath® Properties Complements Ongoing Efforts to Stabilize Neighborhoods Across the Country

WASHINGTON, DC — Fannie Mae (FNM/NYSE) today announced the extension of its seller assistance incentive on all Fannie Mae-owned HomePath properties. Buyers will receive 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of selected appliances. The offer is available to any owner-occupant who closes on the purchase of a property listed on www.HomePath.com by June 30, 2010.

"We are happy with the results of the program, which has helped us to sell properties quickly, thereby stabilizing neighborhoods and property values," said Terry Edwards, Executive Vice President of Credit Portfolio Management.

Source:  Fannie Mae Resource Center


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