Fannie Goes for Shorty »
Posted By OptionsRealty 11 months ago in Business & FinanceIn an effort to hasten the process of short selling homes, Fannie Mae has launched a pilot program in two of the country’ s hardest hit areas, according to a report in The Wall Street Journal .
“Short sales have received such a bad reputation among real-estate agents that, as a portion of the overall mortgage market, they have gone down,” Tom Popik, a survey director for research firm Campbell Communications, told the Journal. “We hear a lot of people say, ‘I’m tired of doing them. They’ve been a nightmare.’”]
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