Freddie Mac, New Vista, REDC to Auction 135 Homes on August 7 in Phoenix to Boost First-Time Homeownership

McLean, VA – July 16, 2010 – (RealEstateRama) — Freddie Mac (OTC:FMCC), real estate auction specialist REDC, and New Vista today announced plans to auction 135 HomeSteps® REO homes to individual homebuyers at the Phoenix Convention Center on August 7, 2010. Almost a third of the homes are being set-aside for an auction to first-time borrowers participating in the federal Neighborhood Stabilization Program (NSP)


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Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac raises capital on Wall Street and throughout the world's capital markets to finance mortgages for families across America. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters

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