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Fannie Mae: Contact Expert FHA: Contact Agent. The REO moratorium applies to properties that Freddie Mac or Fannie Mae have acquired through foreclosure or deed-in-lieu of foreclosure transactions. Note: The purchase of second homes or investment properties and cash-out refinances (any occupancy type) are not permitted until a seven-year waiting period has elapsed.įor additional information, see B3-5.3-07, Significant Derogatory Credit Events - Waiting Periods and Re-establishing Credit. Search Bermuda Bay Cm Condos for sale and condos for rent on. Limited cash-out refinances are permitted for all occupancy types pursuant to the eligibility requirements in effect at that time.There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area.
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Fannie Mae does not lend money directly to consumers-it keeps money flowing to lenders like banks and credit unions through purchasing and guaranteeing mortgages.Fannie Mae exists to expand the liquidity of home mortgages by creating a secondary mortgage market.Request additional information and schedule a showing. Get complete property information including maps and schools. Fannie Mae (the Federal National Mortgage Association or FNMA) is a government-sponsored enterprise (GSE) established in 1938. Photos and Property Details for Properties For Sale: Fannie Mae/HUD Foreclosures, BAY AREA, CA.