SPEED: Fannie Mae will directly approve short sales

“This one change will, in the larger scheme of things, be unlikely to make a dramatic impact on what consumers will feel,” said Doug Duncan, chief economist at the mortgage giant Fannie Mae. But.

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.

Information to assist with Fannie Mae Short Sales.. However, a short sale will not be approved if the total commission exceeds 6%. Q. Does Fannie Mae.. Fast forward, First Merit bid the min. at the sale. Eventually. During this saga, I battled with Fannie Mae directly and through the servicer. My value.

Fannie Mae Guidelines Mortgage After Short Sale requires a four year waiting period after the date of the short sale. A short sale is an alternative to foreclosure Short Sales is often offered to homeowners who have mortgage balances which are higher than the market value of their homes by their existing lenders

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