Fannie, Freddie set new short sale timelines

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Short Sale Timeline Requirements Set By GSEs. This is big news for real estate investors, specifically anyone who does short sales. As of June 15, real estate agents working on short sale offers with loans backed by Freddie Mac or Fannie Mae should expect to receive a decision on the short sale within 15-30 days. This is part of the overall.

Big Changes in #Fannie Mae conventional underwriting guidelines for short sales! Fannie and Freddie set new short sale guidelines. From freddie. freddie mac’s new short sale timelines require servicers to make a decision within 30 days of receiving either 1) an offer on a property under Freddie Mac’s traditional short sale program or 2) a completed Borrower Response Package (BRP) requesting consideration for a short sale under HAFA or Freddie Mac’s traditional short.

 · New rules go into effect November 1 for underwater mortgage loans guaranteed by Fannie Mae or Freddie Mac (about 60 percent of U.S. mortgages). The HAFA rules are speed up the short sale process and encourage buyers to look at short sale properties.

Nothing short of Fannie Mae and Freddie Mac. mortgage-backed securities gradually rise using a set and unambiguous schedule. In addition, the emergency legislation that allowed Fannie Mae and.

including New York and Boston, for the ten-year span of 1995-2005. We compared the sale prices of houses that were eligible for financing through Fannie and Freddie with houses that were sold for.

 · Fannie Mae Short Sale or Fannie Mae Deed in Lieu. Started by Tyra General. Last reply by Kevin – Greenville, SC Dec 22, 2015. 2 Replies 0 Likes. Hi,Has anyone ever had a client start the short sale process and decide to move forward with a deed in lieu arrangement?