http://theshortsalegenius.com
Fannie Mae Gets Funny With Values on REOs that had a Reverse Mortgage. Can you imagine a car dealership selling used cars at different prices based on what kind of financing the previous owner had?
What if the cars were repos? Would that make any difference in what anyone else would pay for them? Would you pay more?
Fannie Mae thinks so.
Trent also goes on to talk about an update to Freddie Mac's and Fannie Mae's guidelines for forbearance. They just extended it.
Fannie Mae is a pain in the rear and the guys running it shouldn't be in charge of a Mcdonalds let alone a GSE!
dustinrmiller 1 month ago
Does anyone at Fannie Mae understand Real Estate?
kevinsellstheupstate 1 month ago
Agree 1000%. How does that affect what a property is worth?? Fannie Mae has gone crazy.
kevinsellstheupstate 1 month ago