Fannie Mae Takes Additional Steps to Streamline Short Sale Process, Increase

Fannie Mae Park


Image by Adam THEO
The gazebo overlooking a pond with a water fountain in the park next to Fannie Mae’s offices in Reston (the building in the background), where I live. Just as I arrive, a gaggle of geese are getting ready to play in the water spout.

Fannie Mae Takes Additional Steps to Streamline Short Sale Process, Increase
WASHINGTON, D.C. – June 5, 2013 – (RealEstateRama) — Fannie Mae (FNMA/OTC) introduced a new tool to help real estate professionals successfully close short sales. Listing agents are now asked to register accepted short sale offers with Fannie Mae to …
Read more on RealEstateRama (press release)

Fannie Mae and Freddie Mac to limit loan purchases to “qualified mortgages”
The Federal Housing Finance Agency (“FHFA”) has directed Fannie Mae and Freddie Mac (“GSEs”) to limit their future mortgage loan acquisitions to loans that meet the requirements for a “qualified mortgage” under the Dodd-Frank Wall Street Reform and …
Read more on Lexology (registration)

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