fannie mae: How Long After a Short Sale Until I Can Buy Again?
- 11/12/09 08:45 AM
There is a lot of confusion out there about how long a borrower has to wait to buy a home again after a short sale or foreclosure. Just how long are the blacklist periods? Part of the confusion comes from the fact that Fannie Mae, Freddie Mac, Ginny Mae, and The FHA don't make their policies crystal clear. Another problem is that banks' individual policies might be different than the GSEs. Meaning, a mortgage banker from Wells Fargo or Bank of America might have different rules than somebody else. In other words, ask five people who should know, and you'll get … (2 comments)
fannie mae: FHA and Fannie Mae: We'll never get our money back
- 11/09/09 10:44 AM
We, the taxpayers, are the only mortgage lenders left. And, we're losing a fortune. Fannie Mae and the FHA are giant money holes. Our leaders keep throwing billions into these bottomless-pits because it's for our own good. FANNIE MAE In the recent quarter, Fannie Mae reported a $18.9 Billion Loss and asks for another $15 Billion. From Fannie Mae Fannie Mae reported a net loss of $18.9 billion in the third quarter of 2009, compared with a loss of $14.8 billion in the second quarter of 2009. Including $883 million of dividends on our senior preferred stock held by the … (1 comments)
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There is a lot of confusion out there about how long a borrower has to wait to buy a home again after a short sale or foreclosure.
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