Saturday, July 19, 2008

About Fannie Mae Flips, Short Sales, Florida and FNMA

Fannie Mae reports from FNMA's website: "Fannie Mae provides stability, liquidity, and affordability to the nation's housing finance system under all economic conditions. We are a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. "

The Federal National Mortgage Association provides help with the finacing of US homes. This comes in the form of mortgage loans for residential property. If the property is purchased and quickly mortgage or resold to another party, this can be charachterized as a FNMA flip or FNMA flipping transaction. There are specific rules for FNMA Flips. Here is more information on flipping reqirements with FNMA.

The FNMA my Community mortgage is a mortgage loan that is popular. You can obtain a FNMA MY COMMUNITY mortgage loan from FNMA. There are many nuances with the "my comunity mortgage" from Fannia Mae. Some call it fannie-mae-my-community-mortgage.

Many are saying that FNMA likes short sales. This is becuase Fannie Mae will allow a borrower to obtain a new FNMA loan in two years after completing the short sale. This is helpful for those seeking FNMA loans after a short sale. Some of these short sales are in Florida and are so called Florida short sales as a result of them being both in Florida and well, a short sale.

In cconclusion, you may have been seeking short sale information on FNMA, or you may have been seeking Florida short salee information about FNMA. Perhaps you wanted to know about property flipping in these areas. Whatever the case, you can understand that short sales, FNMA, property Flips, and Florida all have this article in common.

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