Fannie Mae has decided to drop the hammer a bit on homeowners that are ‘strategically defaulting’ on their home loans. This is not very surprising actually with people walking away from their home at a record pace. The word from Fannie Mae is that you will be BARRED from obtaining a Fannie Mae backed loan [...]
Fannie Mae has announced a temporary hold on evictions and foreclosures pending announcement of a Federal national foreclosure prevention and loan modification program.
I have to thank Rhonda over at Rain City Guide for breaking this news to me. It looks like on Friday, Fannie Mae revised its rules and now will allow borrowers to have from 5 to 10 homes depending of course on their criteria. As per the quote over on Rain City Guide: Multiple Mortgages [...]
© Jacquie Cliff – Professional Seattle Area Real Estate Broker with Champions Real Estate Services
