As Fannie Mae did earlier in January, Freddie Mac kicked off 2016 in a big way with residential non-performing loan (NPL) sales. On Friday, Freddie Mac announced its largest bulk NPL transaction yet—an auction of residential NPLs serviced by Nationstar Mortgage totaling $1.6 billion in unpaid principal balance (UPB).

The NPLs are being offered in seven pools—five Standard Pool Offerings (SPOs), which are geographically diversified, and two Extended Timeline Pool Offerings (EXPOs), which are geographically concentrated. EXPOs. While SPOs often include larger pools of loans, the loans featured in EXPOs include smaller pool sizes and a longer marketing period, and target participation from smaller investors, including non-profits and minority- and…

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1031 Crestview Ln, Casselberry FL

$85,000 

Beds  4 Baths   Sq Ft  2,084 Built  2007

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Huge manufactured home in Casselberry - Come and see this wonderful home today! This home boasts 4 beds, 3 baths, a huge kitchen with cooking island, dining room, living room with wood burning fireplace and big family room on a great open floor plan set up. Split bedrooms means the Master Bed is the other side of the house to the other 3 bedrooms. The Master's en-suite has separate shower as well as a garden tub and double vanity sinks. The second bedroom has it's own small wooden deck, as does a side door off the living room. 

 

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A 15-year mortgage is a smart choice for households in housing markets where price increases have been modest, but a tougher call for households in hotter markets.

The Federal Reserve Board is on track to raise interest rates as soon as today. It’s a move that will mean higher mortgage rates, higher monthly payments, and reduced purchasing power for new borrowers. Homebuyers, who haven’t seen an interest rate increase in nearly 10 years, may be tempted by lower-rate 15-year mortgages. But do the advantages of a 15-year mortgage outweigh the costs? The answer depends partly on where you live.

We’ve crunched the numbers for the largest U.S. metros, and found that:

  • With the median US household income, a 30-year mortgage allows homebuyers to…

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