Browsing the archives for the freddie mac 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 [...]
Over the weekend, Freddie Mac published an informational article discussing what it has called, “Short Payoff Fraud”. This article tipped off quite a bit of anxiety among investors and agents. Many are suggesting that this new classification of “Fraud” effectively eliminates the A to B – B to C transactions which investors often use to [...]
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 [...]
