Both the Web sites for Fannie Mae and Freddie Mac offer more useful information for prospective home buyers:

• The HomePath section of Fannie Mae's Web site offers an array of great resources. You’ll find HomePath financing, exclusive offers, real estate professionals, and more. Here, you'll also be able to determine the right mortgage for your needs and budget using Fannie Mae’s online tools, like the Monthly Payment Calculator and Mortgage Affordability Calculator, which lets you determine the maximum amount you can afford to pay. Once you’re ready to move forward, take a look at Fannie Mae’s “Properties for Sale. And don't forget to visit the Resources page with links to a wide variety of programs and home buying tips. For more information, call Fannie Mae’s Consumer Resource Center at 1-800-7FANNIE (800-732-6643).
  
  
• Freddie Mac offers a comparable online resource called HomeSteps, which focuses on Freddie Mac’s supply of foreclosed properties. Prospective home buyers can search Freddie Mac’s database of foreclosed homes, find a local agent, and even download a coupon for $400 off closing costs for buyers purchasing a Freddie Mac property. You’ll also find information on “HomeSteps Special Financing,” which offers a range of benefits, including competitive interest rates, no mortgage insurance, lower closing costs and reduced monthly payments. For more information, contact Freddie Mac’s Call Center at (800) 972-7555, Monday through Friday, 9:00 AM–6:00 PM Central Time.