Tag Archives: fannie mae

The FHFA’s Burning Question – What to Do with 3 Million REOs?

A hot topic in Washington, D.C. this month is what to do with 3 million REOs currently in holding by the Federal Housing and Finance Agency. The popular answer is to make the government agency the largest landlord in America. Does this help or hurt the investor market and, more importantly, the recovery of the [...]

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Why You Need a Relationship Lender

I just received an email from a loyal Insights reader and customer and it’s disturbing to say the least. He shares an alarming experience he’s having with a Fannie Mae commercial lender and says I’m right on with what I’m preaching about seeking out and doing business with portfolio lenders. I read your article on [...]

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Fannie Mae: America’s Biggest Landlord?

Fannie Mae is going to let homeowners facing foreclosure rent their homes for up to a year to try to keep a bazillion foreclosures on its books from hitting the market. The new program is for borrowers who don’t qualify for or haven’t been able to get a loan modification, according to Fannie’s news release. [...]

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Looks Like I Picked the Wrong Week to…. Sell a Condo

Remember that movie Airplane? It was made in 1980 so I’m totally dating myself but I think it’s hysterical. And one of the funniest recurring bits in the movie is when the air traffic controller played by Lloyd Bridges keeps having to deal with all these problems and makes cracks like … “Looks like I [...]

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HVCC – More BS From Fannie and Freddie

The Home Valuation Code Of Conduct (HVCC) goes into effect May 1st.  It’s a law that says real estate appraisers should not be “intimidated, coerced or bribed into coming up with a valuation on a property.” (um, we need a law to tell us that?!) Fannie Mae and Freddie Mac are now regulating the appraisal [...]

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