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Loan Modification

: The Truth About Mortgage.com

Fannie Mae Cuts Waiting Period for New Mortgage After Deed-in-Lieu of Foreclosure

By scot184

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Going forward, borrowers who previously experienced a deed-in-lieu of foreclosure won’t have to wait as long to get approved for a subsequent mortgage. Last week, mortgage financier Fannie Mae changed its required waiting period (the amount of time that must elapse after a pre-foreclosure event) to reflect current market conditions. In the past, borrowers had to wait [...]

Full post as published by The Truth About Mortgage.com on April 19, 2010 (boomark / email).

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