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fannie mae: I'm going to be on the radio! - 05/11/12 05:24 PM
I’m excited to announce that I will be on the Tina & Drew Radio Show this weekend! You can tune in to AM 1090 or listen online at this link this Saturday, May 12th at 3 PM. I’ll be talking with Tina and Drew about short sales…. including the new changes made by FHFA to the way Fannie and Freddie servicers handle short sales, short sale vs. foreclosure or strategic default, and how I work with clients during my initial consultation. We will be offering a special deal to listeners of the Tina & Drew Show, so tune in to find out more! … (2 comments)
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fannie mae: MERRY XMAS FROM FREDDIE MAC! - 12/07/10 08:14 PM
Freddie Mac announced Wednesday it will suspend foreclosure evictions from December 20th through January 3rd. This is the third straight year Freddie Mac has suspended evictions during the holiday season. (This move only applies to those homes that have mortgages backed or guaranteed by Freddie Mac). Sibling company, Fannie Mae, also won't evict people over the holidays, but that has not yet been announced via news release regarding their upcoming suspension of holiday foreclosures. Fannie Mae and Freddie Mac purchase home loans from lenders and package them into bonds with a guarantee against default and sell them to investors. Today they … (2 comments)
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fannie mae: Fannie Mae's New HAFA Program - 07/02/10 03:46 PM
As you may have heard, by August 1, 2010 Fannie Mae and Freddie Mac, the formerly Home Affordable Foreclosure Alternatives Program (HAFA) exempt mortgage giants, are set to implement their own HAFA programs. For borrowers who are eligible for the Home Affordable Modification Program (HAMP) but were unable to secure a Loan Modification on their Fannie or Freddie loan, this is potentially promising news.
Today we’ll examine Fannie’s recently released HAFA Program Summary. Their stated goal with joining the program is to provide financial incentives for and simplify the process of short sales and deed-in-lieu (DIL) options in the face of … (25 comments)
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fannie mae: What's Really Going On With Fannie's New Foreclosure Guidelines - 06/25/10 01:46 PM
As those of you who saw yesterday's post know, Fannie Mae is extending the waiting period following foreclosure to 7 years. While their spin on it is to say that “blah, blah, blah, it encourages short sales, blah” this is really about targeting those strategic defaulters.
If you do a short sale on an investment property, they are not forgiving the deficiency, so you’d be better taking your chances going to foreclosure and that it would be non-judicial, because I doubt this raises the threshold for them to direct the servicer to foreclose judicially.
What this is really targeting is the … (1 comments)
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Lynn Arends - Attorney | Designated Broker
Seattle,
WA
More about me…
Lynn Arends Law Group PLLC & Lynn Arends Realty Group
Address: 2100 Westlake Ave North, Suite 201, Seattle, WA, 98109
Office Phone: (206) 282-4848
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