Fannie, Freddie set new short sale timelines

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New Fannie and Freddie Shorter Short Sale Timelines.. to establish a similar set of response times for the servicer’s Fannie Mae and Freddie Mac loans. The new guidelines are issued to provide quicker and more efficient short sale timelines.. it became vital to establish a uniform set of.

"The new Freddie Timeline will help open up the doors for many buyers who would have been interested in taking advantage of the wonderful short sale prices but just did not have the time to wait.

Fannie and freddie set timeline Requirements for Short Sales 04/17/2012BY: CARRIE BAY Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days. The GSEs issued new guidelines Tuesday that fall under the Servicing Alignment Initiative rolled out.

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Fannie and Freddie plan to use the new short sale timelines to evaluate servicer compliance with their Servicing Alignment Initiative.. Fannie and Freddie Set Timeline Requirements for Short.

WASHINGTON — The Securities and Exchange Commission’s new rule designed to limit certain negative stock bets is set to. titans Fannie Mae and Freddie Mac, by requiring traders to "pre-borrow".

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worthy of the Marx Brothers or Mel Brooks,” wrote John Cassidy, the New Yorker’s economics correspondent. A decision is expected any day. In the Fannie and Freddie case, the decision is further off.

Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days. The GSEs issued new guidelines Tuesday that fall under the Servicing Alignment Initiative rolled out last fall and aim to bring greater transparency to the short sale process and expedite.

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Fannie Mae and Freddie Mac will require mortgage servicers to make decisions on short sales under new timelines beginning this June.. Servicers must review and respond to a borrower within 30 days.

This can cut the timeline. FHA, Fannie Mae, Freddie Mac, etc. “The investor may be different from the servicer, and every investor has a different process,” Brittingham notes. “To avoid delays, the.