Forum

Fannie Mae Taking On More Reps

Posted by Elizabeth Owens on January 21, 2010 at 4:23am in Sample Title

I hear that Fannie Mae is bringing on 15 new reps next month to help with the heavy load of REO inventory getting ready to hit the market. Anybody hear this or anything else about it?

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fannie, inventory, mae, reo

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Replies

Rosemary Brooks February 11, 2010 at 8:26am

This is great news. I'd like to know what companies are now selling Fannie Mae properties.
- Brandon Jordan > Rosemary Brooks November 15, 2010 at 5:52pm
  
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  This group is to discuss Fannie Mae properties with Fannie Mae listings agents and those who hope to soon be FNMA listing agents and to share solutio…
Holly L Grigaitis February 11, 2010 at 8:17am

I have received an invite form at least one new servicer for Fannie- I also just got word today, that effective immediately, they will be paying their own closing costs!!
- Kathy Fuhriman > Holly L Grigaitis February 11, 2010 at 8:20am
  
  Holly, I would love to know where you got that info on Fannie paying their own closing costs. Is that automatic or does it still have to be negotiated in the contract? Currently, if the buyer does not ask for closing costs including the sellers portion, the whole chunk is charged to the buyer at closing.
  - Holly L Grigaitis > Kathy Fuhriman February 11, 2010 at 8:24am
    
    got it from one of their outsourcers, who sent out an official notification to all agents...
Victoria Frieberg February 11, 2010 at 2:04am

i received an approval e mail..after forever being on the list..but it makes sure approval does not guarantee listings..lets hope!
- Billie Bartley > Victoria Frieberg February 11, 2010 at 6:05am
  
  Congrats Victoria-
Carlos H. Silva Sr. February 8, 2010 at 6:55pm

Heard from a very good source it's 50 not 15!
Kathy Fuhriman February 7, 2010 at 6:39am

Who are the Asset management companies for Fannie Mae? I am selling FNMA for Green River Capital but there are a lot of FNMA reos being listed through other companies and I want to get in with the other ones. Anyone know who to contact?
- John Hoffman > Kathy Fuhriman March 5, 2012 at 5:38am
  
  Kathy, do you get 2% on the listing side with Green Capital for Fannie Mae? Also, are you getting charged a "Technology fee" through Green Capital for Fannie Mae?