Tweet Fannie Mae and Freddie Mac announced changes to their servicing requirements for all their short sales. The following guidelines must be followed in order to comply with the rules. The buyer is prohibited from selling the property for any sales price for a period of 30 days from the date of the deed. After the 30 [...]
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Posted in Education, Market News, Uncategorized
Tagged fannie mae, freddie mac, investors, real estate, short sales, transactional funding
Tagged fannie mae, freddie mac, investors, real estate, short sales, transactional funding
Tweet More housing news about Freddie and Fannie this time. The interesting thing about this is that they obviously are not pushing short sales as hard as they should be, maybe some of those short sale initiatives aren’t working as planned? The article comes courtesy of Michael Kraus, who makes a few interesting observations: (a [...]
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Posted in Market News
Tagged analysis, fannie mae, freddie mac, news, short sale, short sales
Tagged analysis, fannie mae, freddie mac, news, short sale, short sales
Tweet National Mortgage News Online reports: Fannie Mae has decided that certain distressed borrowers who agree to give up their homes as an alternative to foreclosure should get a second chance at homeownership sooner. The policy change, announced Wednesday, is meant to reward borrowers for cooperating with their loan servicers and to support the housing [...]
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Posted in Market News
Tagged fannie, fannie mae, government, homeownership, short sale, short sales
Tagged fannie, fannie mae, government, homeownership, short sale, short sales
Tweet I was reading this article today in the LA Times about lenders becoming increasingly accepting of the short sale process. It mirrors what we have been saying here in this blog since November – that short sales are increasingly becoming accepted and it’s being pushed by politicians and the bank’s best interests. The reason [...]
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Posted in Market News
Tagged 2nd lien, bank of america, BofA, fannie mae, foreclosure, freddie mac, government, HAFA, HAMP, lenders, loss mitigation, mortgages, short sale, short sales, underwater
Tagged 2nd lien, bank of america, BofA, fannie mae, foreclosure, freddie mac, government, HAFA, HAMP, lenders, loss mitigation, mortgages, short sale, short sales, underwater
