SPEED: Fannie Mae will directly approve short sales

Is the FHA about to cut mortgage insurance premiums again?  · FHA cuts annual mortgage insurance premiums. castro announced the Federal Housing Administration will cut the annual premiums most borrowers will pay by a quarter of a percent, dropping them to.

Fannie Mae To Directly Approve Short Sales. Having successfully completed over 58,000 short sales in 2012, Fannie Mae announced that they are taking additional steps to speed up the short sale process and help troubled homeowners avoid foreclosure. They will do this through their newly introduced HomePath for Short Sales tool,

These first-time buyer programs require borrowers to take approved homeowner education classes. or supplemental income from a second job or from short-term rentals. Fannie Mae has a loan refinance.

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SPEED: Fannie Mae will directly approve short sales In an effort to prevent foreclosures and help stabilize communities, Fannie Mae introduced its HomePath for Short Sales tool to help assist common short sale challenges.

The fannie mae. short sale processing. effective immediately, wholesaler MWF’s clients should note that the maximum Debt to Income (DTI) ratio for the Golden State Finance Authority (GSFA) Platinum.

Now the mortgage giant Fannie Mae is testing a small pilot program in Orlando to speed up some of those sales. A "short sale" is a distress sale in which the lender agree to take less than the.

Diamond Law Group can help you negotiate a short sale as an alternative to. If you were to contact the lender directly, they will suggest the real estate agent.. Afterwards you will have the tools necessary to speed up the transaction by.. or your mortgage is owned or guaranteed by Freddie Mac or Fannie Mae, call your .

Buying a Short Sale Property – Freddie Mac – If the loan was sold to an investor, such as Freddie Mac or Fannie Mae, the investor will have to approve the short sale. Investors will have their own requirements and review process before they approve a short sale.

FHFA Announces New Standard Short Sale Guidelines for Fannie. – Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac are issuing new, clear guidelines to their mortgage servicers that will align and consolidate existing short sales programs into one standard short sale program.

New short sale rules impact buyers. sellers have mortgages owned or guaranteed by Fannie Mae or. do not know where the homeowner stands in terms of approval for the short sale," says.

Every day we have news coming out of Fannie Mae and Freddie Mac. for borrowers with recent short sale/foreclosure/BK discharge, and non-warrantable condo programs. For more information on programs.