Real estate blog entries tagged with short sale by Richard Woodward (Envoy Mortgage)

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Home : Blogs : Richard Woodward : Richard Woodward's Blog : Tag "short sale"

short sale: Fannie Mae Changes Rules regarding Obtaining new mortgages after short sale - 04/15/10 02:38 PM

Many people today are considering short sale or deed-in-liew of foreclosure as an option to foreclosure. How does that effect the sellers ability to obtain a mortgage in the future? Today, Fannie Mae announced an immediate change to it's guidelines that could help some buy a new home sooner than in years past.
According to a letter posted yesterday (April, 14, 2010) written by Marianne E. Sullivan, Senior Vice President at Fannie Mae, borrower waiting periods will be shortened if they put more money down on their purchase. This move is in an effort to support overall market stability and reinforce the importance of borrowers working … (2 comments)

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Richard Woodward

Frisco, TX

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Envoy Mortgage

Address: 17311 Dallas Parkway, Ste 173, Dallas, TX, 75248

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