Category Archives: Fannie Mae & Freddie Mac

New Guidelines to Make Short Sale Approval Easier

For the 2nd time this year, Fannie Mae and Freddie Mac will issue more guidelines to make short sale approval easier for eligible borrowers.  Back in June, Fannie Mae issued guidelines to speed up the process, but these new guidelines (effective November 1st, 2012) are aimed at overcoming some of the obstacles that borrowers face […]

Also posted in Foreclosure News, North Carolina Short Sale News, Short Sale Info for Realtors, Short Sale Info for Sellers | Comments closed

Fannie Mae Changes Guidelines to Speed up Short Sale Times

Anyone who has ever attempted a short sale has probably been frustrated by the amount of time it can take to get a response from the bank.  To help combat absurd response times, Fannie Mae has issued new guidelines that should at least provide Realtors, borrowers, and buyers with an expectation of when the bank […]

Also posted in Bank of America, Foreclosure News, Wells Fargo | Comments closed

Freddie Mac has 10+ years of Foreclosure Inventory

Many areas of the country have seen an increase in real estate sales activity recently.  But the foreclosure anchor continues to weigh down the overall recovery. HousingWire.com recently reported on Freddie Mac’s glut of foreclosure inventory.  At the end of the 3rd quarter (2011), the government-sponsored enterprise (GSE) had approximately 60,000 foreclosures on its books.  This […]

Also posted in Foreclosure News | Comments closed

Is this Good-bye to Fannie and Freddie?

With the current budget deficit, it may not come as a surprise that the Obama administration has announced plans to phase out Fannie Mae and Freddie Mac.  According to an article by Realtor Magazine and available on Realtor.org, the White House has actually proposed multiple options to wind down the institutions. ▪ Reducing the size […]

Posted in Fannie Mae & Freddie Mac | Comments closed

BofA Settles with Fannie & Freddie, but Troubles Remain

Bank of America continues to dominate the headlines, this time due to a $2.8 billion settlement with Fannie Mae and Freddie Mac.  According to Reuters, the mortgage finance companies had claimed that BofA sold them bad home loans.  Well, duh! The article goes on to quote Alan Villalon, senior bank analyst at Nuveen Investments (Chicago): […]

Also posted in Bank of America, Strange but True | Comments closed