GSEs Archive

How to Submit Offers for Fannie REOs

REOs and other distressed sales make up about a third of the market today on a national basis and NAR’s just-released Investment and Vacation Home Buyers Survey shows that distressed homes comprise about a quarter of the homes bought...
March 29, 2012

Freddie Mac: No on Deficiency Judgments

The secondary mortage market company Freddie Mac has updated its bulletin to servicers of Freddie Mac mortgage loans to make clear that they aren’t to pursue a deficiency judgment against a borrower after a short sale or deed-in-lieu of...
February 17, 2012

Fannie Mae Rolls Out Online-only REO Offers

If you’re working with a buyer who’s interested in submitting an offer for a Fannie Mae REO, you’ll have to do it online. The secondary mortgage market company last week launched an all-online system for submitting offers on its...
February 7, 2012

GOP Debate Sidesteps Fannie, Freddie Reform

By Brian Summerfield, Online Editor, REALTOR® Magazine A subject we’ve talked about a great deal here on the Speaking of Real Estate blog got some play during the Republican presidential debate last night in Jacksonville. (Transcripts are available here.)...
January 27, 2012

Lawmakers Expected to Look at Fannie, Freddie Reform This Spring

Since the market downturn several years ago lawmakers in Washington have been talking about reforming the secondary mortgage market but nothing has come out of Congress yet. This year, though, a lot of progress is expected to be made...
January 17, 2012

Fed Says Tight Bank Policies Hurting Recovery

The Federal Reserve urged lawmakers and the administration this week to take a more hands-on approach to the housing market because the market’s continued struggles is holding back strong economic recovery. In a report it just sent to legislative...
January 5, 2012

Short Sale Affidavit Tweaked to Curb Liability

By Robert Freedman, senior editor, REALTOR® Magazine The affidavit that Freddie Mac requires servicers to obtain in short sales has been changed at NAR’s request to reduce what was seen as an unreasonable amount of liability risk to practitioners....
November 23, 2011

Congress Restores FHA Loan Limits to NAR-Backed Levels

The U.S. House and Senate yesterday restored FHA loan limits to the level they were at before they were allowed to expire at the end of September. As a result, the limits will rise to 125 percent of the...
November 18, 2011

‘Moneyball’ Approach to Boosting Home Sales

By Robert Freedman, Senior Editor, REALTOR® Magazine Former FHA official Brian Chappelle has come up with a few ideas for getting the housing market back on track that are notable for one thing: They make so much sense that...
November 7, 2011

Volcker Speaks: Are the Right People Listening?

By Stacey Moncrieff, Editor in Chief, REALTOR® Magazine In “How Mr. Volcker Would Fix It,” New York Times business writer Gretchen Morgenson examines Paul Volcker’s speech at a Group of Thirty meeting, in which he called for an eventual...
October 23, 2011