SPEED: Fannie Mae will directly approve short sales

SPEED: Fannie Mae will directly approve short sales

So, Where Will Housing Double Dip? The U.S. housing market recently hit a confirmed double dip, as prices have dropped to levels not seen. and Hatteras Financial making an appearance. Though REM is down so far this year, it may have.

Midwest Real Estate Data (MRED) has teamed up with Fannie Mae to provide its brokers and agents with a service designed to shorten the time they have to wait for approval from the GSE on short.

Fannie Mae is running a new program with a very small group of negotiators to help homeowners wanting to do a short sale. If Fannie Mae owns your loan, then I skip the loan servicer and send the short sale file directly to Fannie Mae for approval. I can get approval in about 3 weeks instead of 2-3 months.

A short sale can be a solution to help you avoid foreclosure and may have a less negative impact on credit scores. It may also allow a homeowner to be eligible sooner to buy a new home under Fannie Mae guidelines. In some cases, you may be offered cash out at closing (known as relocation assistance) to help you move to your next home. In order to

Major news out of PIMCO as Mohamed El-Erian resigns from CEO post Florida governor signs bill to speed up state’s foreclosure process jeb hensarling: “Dodd-Frank was a grave mistake”  · Jeb Hensarling: “Dodd-Frank was a grave mistake” Attendees at the Housing America’s Families Forum in Dallas at the George W. Bush Presidential Library gathered for a light lunch on Friday to listen to one of the most eagerly anticipated speakers for the day, house financial services committee chairman rep. jeb hensarling.florida's governor signed a much-discussed foreclosure bill Friday, enacting a series of provisions aimed at speeding up the default process in.Mohamed A. El-Erian is a Bloomberg Opinion columnist. He is the chief economic adviser at Allianz SE, the parent company of Pimco, where he served as CEO and co-CIO. He is president-elect of Queens’.

The escalation tool is available to any real estate professional working on a short sale that involves a Fannie Mae-owned loan. Once the short sale case is escalated, Fannie Mae will directly work.

Move It Or Lose It! freddie mac and Fannie Mae Tell Banks To Speed Up Short Sale Decisions. by Rich Vetstein on April 18, 2012

According to a recent article on Housing Wire, the new streamlined short sale guidelines for Fannie Mae and Freddie Mac short sales (beginning November 1) are alleged to be a win-win.. Remember that as these new short sale guidelines aim to have a more streamlined short sale when the investor owner of the loan is either Fannie Mae or Freddie Mac.

Multifamily starts and vacancy rates indicate strong market The U.S. multifamily market remains healthy even 10 years into the recovery/expansion period. The key driver is demand. Multifamily demand is very strong and, even in a climate of elevated construction activity, net absorption continues to outpace new supply leading to favorable vacancy and rent growth performance.

Fannie Mae has done an excellent job of emphasizing the long term benefit of short sales and eliminating the short term gain of stealing one commission. If Realtors know they will not have a commissionectomy, it is much more likely that they will do short sales. Thank you Fannie Mae.

While lender acceptance of these new models is still limited (and prohibited by government programs), their use is being investigated by Fannie Mae and Freddie. application to approval and closing,

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