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2009: Fannie Mae & Our Commission... - 03/01/09 06:14 PM
Fannie Mae loan servicers can no longer require real estate brokers to reduce their commissions as a condition to a short sale approval. This new Fannie Mae policy takes effect on March 1, 2009. According to Fannie Mae, the closing of a pre-foreclosure sale cannot be conditioned upon a reduction of the real estate commission to a level below what the listing agent and borrower negotiated. An exception applies if the total commission is more than six percent of the sales price.
This good news may be tempered by the difficulty for REALTORS® to ascertain whether the underlying loan in … (5 comments)
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2009: Freddie/Fannie Suspend Foreclosures Until 1-31-09 (REMINDER) - 01/22/09 10:29 AM
Freddie Mac is extending its suspension of all foreclosure sales and evictions involving occupied single family and 2-4 unit properties with Freddie Mac-owned mortgages through January 31, 2009. The suspension does not apply to vacant single family properties.
The extension will also provide servicers with more time to help troubled borrowers find an alternative to foreclosure and implement the Streamlined Modification Program that went into operation on December 15, 2008. Developed by Freddie Mac, Fannie Mae, the Federal Housing Finance Agency (FHFA), HOPE Now and 27 mortgage servicers, the Streamlined Modification Program was designed to expedite loan modifications for eligible borrowers … (5 comments)
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2009: Well Hello there, 2009!! - 01/01/09 03:02 AM
Happy New Year!!!!
Since some of us just couldn't wait until morning to look at the pictures & videos on the computer, we thought we'd might as well upload'em & share'em with you & every other. ..late night - early morning, night owl, Active Rain addicts!!
. ..Enjoy:)
PS: Had I just kept filming about 30-40 more seconds I would have caught the actual finale - oh well, this'll do!!
… (2 comments)
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2009: Hau'oli Makahiki Hou - Happy New Year!! - 12/31/08 09:26 PM
Hau'oli Makahiki Hou - Happy New Year!!
From our home to yours, we wish you all a very fun & safe New Year's Eve!
. ..Cheers to much love & success in 2009!!
Aloha O Ka Pumehana (with the Warmest Aloha),
… (3 comments)
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Pederson Properties, Inc.
La Quinta,
CA
More about me…
HK Lane La Quinta & Prudential Maui Realtors
Address: 78-100 Main Street Suite 108, La Quinta, CA, 92253
Office Phone: (760) 834-7500 x 4900
Cell Phone: (760) 575-4847
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