Browsing the archives for the fannie mae tag
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 more [...]
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 market. [...]
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 I [...]
