FHFA Announces New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac;
By FHFA -

Washington, DC – August 28, 2012 – (RealEstateRama) — The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac are issuing new, clear guidelines to their mortgage servicers that will align and consolidate existing short sales programs into one standard short sale program.


More info...

SHARE
Avatar
FHFA
http://www.fhfa.gov/

The Federal Housing Finance Agency (FHFA) was created on July 30, 2008, when the President signed into law the Housing and Economic Recovery Act of 2008.  The Act created a world-class, empowered regulator with all of the authorities necessary to oversee vital components of our country’s secondary mortgage markets – Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.  In addition, this law combined the staffs of the Office of Federal Housing Enterprise Oversight (OFHEO), the Federal Housing Finance Board (FHFB), and the GSE mission office at the Department of Housing and Urban Development (HUD).

Contact:

1700 G Street, NW
4th Floor
Washington, DC 20552
Phone: (866) 796-5595

Corinne Russell
(202) 414-6921
Stefanie Mullin
(202) 414-6376

RELATED ARTICLESMORE FROM AUTHOR

Previous articleThe Connecticut Real Estate Investors Association (CT REIA) Announces September 2012 Seminar With Real Estate Expert Alan Cowgill
Next articleROCKEFELLER, MANCHIN & RAHALL ANNOUNCE GRANT FOR EMERGENCY FOOD AND SHELTER PROGRAMS