Fannnie Mae approval

I have an approval from Wells and one from Citi (charge off dept.) that sez nothing about a release of deficiency. Wells sez Fannie Mae requires that language but Citi sez that ain't happening. Any suggestions?

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Replies to This Discussion

Permalink Reply by Nolberto on January 29, 2014 at 12:39pm

Bob,

If you have in writing what FNMA is requiring you may forward it to Citi Neg, thereon, to provide you an approval with that language. 

Regards,

Permalink Reply by Joy Baker on January 30, 2014 at 3:39am

If you are indicating that Wells is saying that Fannie Mae requires the 2nd lien holder to agree to waive deficiency, that is correct.

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