Big Changes in #Fannie Mae conventional underwriting guidelines for short sales!
Channel: Elysia Stobbe
Date: 2014-07-29

Beginning with applications taken after August 16, 2014, #Fannie Mae will require 4 years to have passed since a short sale, deed-in-lieu or mortgage charge-off. Previously, it had been 2 years if the LTV was 80% or less.  Also, Homepath will be discontinued after October 7th of 2014! For more information go to ElysiaStobbeHomeLoans.com or buy my #1 Best Seller at ElysiaStobbeBooks.com