Comments - Fannie HAFA: Foreclosure Alternative or Foreclosure Inducement? - Short Sale Superstars2024-03-29T14:29:20Zhttp://shortsalesuperstars.com/profiles/comment/feed?attachedTo=3468065%3ABlogPost%3A30396&xn_auth=noPamela,
The circumstance you…tag:shortsalesuperstars.com,2010-06-12:3468065:Comment:322922010-06-12T16:14:23.513ZMichael Schneiderhttp://shortsalesuperstars.com/profile/MichaelSchneider
Pamela,<br />
<br />
The circumstance you are describing is predictable, based on the guidelines. This allows the Investor to state that they will not reduce below 6%, while creating the circumstances in which this is the likely outcome in some cases. Hence, their aggregate commissions drop from 5.8% to 5.4%, or whatever the actual number are, without changing policy.<br />
<br />
Do you know who the Investor was on your deal, Pamela? Just curious.<br />
<br />
I do hope that Fannie is not following the 9% aggregate cap. Does…
Pamela,<br />
<br />
The circumstance you are describing is predictable, based on the guidelines. This allows the Investor to state that they will not reduce below 6%, while creating the circumstances in which this is the likely outcome in some cases. Hence, their aggregate commissions drop from 5.8% to 5.4%, or whatever the actual number are, without changing policy.<br />
<br />
Do you know who the Investor was on your deal, Pamela? Just curious.<br />
<br />
I do hope that Fannie is not following the 9% aggregate cap. Does anyone know?