New Guidelines For Fannie Mae & Freddie Mac Released

As of November 1, 2012 the Federal Housing Finance Authority initiated new Standard Short Sale Guidelines that apply to all Fannie Mae and Freddie Mac mortgages. This guidelines are to help streamline short sales with all Fannie Mae and Freddie Mac loans. You can find a summary of the guidelines here or the guidelines in detail below.

  1. Fannie Mae Guidelines
  2. Freddie Mac Guidelines

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Comment by Randie Boardman on December 27, 2012 at 12:34pm

Thanks Brett for the update!

Comment by Alejandra Gallina on December 18, 2012 at 5:17pm

Great Information

Comment by Nancy Vasta on December 18, 2012 at 10:32am

Thank you for the great updated information.

Can you help me understand the way the FHA short sales work. I have 2 that have the "approval to the Seller to short sell" but now seem to be stuck on the next steps. I have given the Step 1 their docs and now I am in Step 2. How many steps are there? They are BOA and Wells

Thank you in advance for any suggestions!!

Comment by Tni LeBlanc on December 17, 2012 at 7:00pm

Thank you for the links!

Comment by Dustin Del Toro on December 14, 2012 at 3:50pm

Great Information.  Thanks for posting.

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