Archives

All Posts Tagged Tag: ‘FHFA’

Is the Housing Recovery for Real in Daytona Beach, Florida

Dpc

Is supply Raising Demand? For months, I have mentioned in passing the potential impact the so-called “shadow” inventory might have on the housing recovery and residential investors in general. While everyone knew this inventory, comprised of homes with loans more than 90 days past due that have not been foreclosed and upon and are not on the market, existed, it …

Read More

Can Fannie Mae or Freddie Mac Buy Your Loan?

Cfpb

Ask the Consumer Financial Protection Bureau! In January, the Consumer Financial Protection Bureau (CFPB) issued a final rule implementing the “ability to repay” provisions of Dodd-Frank, including certain protections from liability for loans that meet the criteria of a qualified mortgage as outlined in the rule.Beginning January 10, 2014, Fannie Mae and Freddie Mac will no longer purchase a loan that …

Read More

The Standardized Short Sale / HAFA II

Fhfa

Are you prepared for the new changes? The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to align existing short sales programs into one standard short sale program and issue clear guidelines to mortgage servicers.  With  these  changes,  Fannie  Mae  and  Freddie  Mac  will  allow  homeowners  with eligible hardships to sell their home in a short sale …

Read More