Fannie Cuts FHA-Like Deals to Sell Homes

 Fannie Mae is offering buyers of its repossessed homes financing with some of the most generous terms available today, Even as Fannie Mae tightens standards on most new mortgages, it’s HomePath program lets borrowers put down as little as 3%, without paying for mortgage insurance, which is usually required for conforming loans where the borrower has less than 20% equity.