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The Complete Guide to Investing in Foreclosures by Steve Berges

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image CHAPTER 11

How to Invest in Freddie Mac Foreclosures

Instability in the housing market in the late 1960s resulted from interest rates that varied widely across the nation, difficulty in obtaining loans, and an unpredictable mortgage market. Stabilization in the industry was proposed by the federal government through the formation of the Federal Home Loan Mortgage Corporation (FHLMC). In 1970, a congressional charter was issued with a clear mission to “stabilize the nation’s mortgage markets and expand opportunities for homeowners and affordable rental housing,” and to “provide a continuous and low cost source of credit to finance America’s housing.” ...

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