FHFA Improves Note Sale Program

On March 2 the Federal Housing Finance Agency enhanced requirements for sales of non-performing loans by Freddie Mac and Fannie Mae (the GSEs).  In a letter last year NAR raised concerns that this disposition strategy gives investors an advantage over potential owner occupant buyers.  NAR requested more information on the sale of the notes andContinue reading “FHFA Improves Note Sale Program”

Fannie Mae Revises Derogatory Credit Event Rule

According to the Denver Business Journal, a new rule imposed by Fannie Mae (Federal National Mortgage Association) could make it more difficult for would-be homebuyers who have had a short sale in the past to buy a home. The rule, which went into effect on August 16, will extend the mandated waiting period to qualifyContinue reading “Fannie Mae Revises Derogatory Credit Event Rule”