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Irvine Homes New Short Sale Guidelines Align Fannie Mae and Freddie Mac
FHFA announced changes to align short sale guidelines for Fannie Mae and Freddie Mac, allowing lenders to quickly qualify borrowers who are current on mortgages for short sales. Effective Nov 1, the rules eliminate separate programs, offer relocation payments up to 3000 dollars, and provide up to 6000 dollars to subordinate lien holders to speed the process.
MENTIONED IN THIS ARTICLE
Fannie Mae
Freddie Mac
Federal Housing Finance Agency
FHFA
Freddie Maclean
Cathy Haney
Irvine
Cathyhaney
Firstteam.com