Tag: fannie mae

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Looking at Shadow Inventory

New York Shadow Inventory Shadow Inventory The Wall Street Journal had a very interesting article written by Nick Timiraos (a link to the article is provided below) regarding shadow inventory.  The article talks about interesting topics such as the decrease in the new homes being built and its effect on investor interest in REO (bank […]


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Fannie and Freddie set new short sale guidelines.

Fannie and Freddie set new short sale guidelines. From Freddie Freddie Mac’s new short sale timelines require servicers to make a decision within 30 days of receiving either 1) an offer on a property under Freddie Mac’s traditional short sale program or 2) a completed Borrower Response Package (BRP) requesting consideration for a short sale […]


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Home Affordable Refinance Program (HARP) changes

Home Affordable Refinance Program The Federal Housing Finance Agency has announced a series of changes to the Home Affordable Refinance Program (HARP). This is an effort to help some borrowers refinance their underwater home mortgage. Borrower Eligibility: The existing mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, […]


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News: Fannie Mae Offers Foreclosure Options

Fannie Mae recently launched KnowYourOptions.com In its Press Release, Fannie Mae states that: This website is “a new consumer education Web site that outlines the choices available to homeowners who are struggling with their mortgage payments, and provides guidance on how they can contact and work with their mortgage company to find solutions.” This website […]


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