Archive for December, 2008

New Fannie Mae Guidelines Encourage Short Sales

From the Wisconsin Realtor’s Association (WRA) – Legal Hottips December 1, 2008:

Fannie Mae recently released updated underwriting guidelines for new mortgage loans that directly address individuals with various types of foreclosure history. Potential borrowers with:

a Foreclosure on their credit record must wait 5 years to be considered for new funding, and are [...]