St Louis Finance And Foreclosures: Foreclosure Pipeline Shrinking
St Louis Mortgage and Real Estate News –
St Louis Finance and Loan Audit News: Freddie Mac and Fannie Mae Are Saying Foreclosure Pipeline Slowing
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Freddie Mac, one of the two government-owned entities that finance about half of all U.S. mortgages, says that homes are taking as long as eight months to work their way through its foreclosure pipeline which is two months longer than was typical before this mortgage crisis began according to Liberty Lending Consultants, a St Louis mortgage company.
What is interesting is that the delay is the result of more borrowers staying in their homes for months after foreclosure proceedings have begun, requiring Freddie Mac to

