The new Federal Housing Finance Agency short sale guides for both Fannie Mae and Freddie Mac will go into effect Nov. 1.
HousingWire hosted a short sale guidelines webinar, which featured senior servicing policy analyst Ryan McGuinness of Freddie Mac and operations policy director Simone Beaty of the GSE. Both discussed what services and borrowers could expect when the short sale guidelines go into effect.
Separately, Fannie Mae reached agreements with its nine mortgage insurers to allow short sales and deed-in-lieu to be processed more efficiently. The agreements will also speed up the foreclosure prevention process.
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