Fannie Mae Announces New HomePath Online Offers Pilot

NationalMortgageProfessional.com

Nov 17, 2010

Fannie Mae has announced a pilot program to collect and manage real estate purchase offers for Fannie Mae-owned properties in Orlando, Fla.; San Diego, Calif.; and in Wayne County, Detroit, Mich. Through the pilot, real estate agents submit offers on behalf of their clients online, receive confirmations and track the status of submitted offers. The HomePath Online Offers feature is now available on www.HomePath.com for homes in the pilot areas. "HomePath Online Offers provides increased transparency and efficiency in the submission process for our real estate partners and prospective buyers," said Jim Tiegen, vice president of Fannie Mae's REO regional offices. "This online pilot is a critical step toward ensuring that all buyers have the same experience making offers and purchasing homes." HomePath homes are owned by Fannie Mae and include a wide selection of properties, including single-family homes, condominiums, and town houses. For more information on purchasing a Fannie Mae-owned property through our new HomePath Online Offers pilot, visit www.HomePath.com. For more information, visit www.fanniemae.com.

Link copied

Published

Nov 17, 2010

Regulation and Compliance

L.A.-Area Broker To Serve Time For Defrauding Lenders

Alex Ashod Dadourian convicted on 91 counts for $8 million in mortgage fraud.

In an attempt to increase his commissions, a Southern California mortgage broker engaged in an $8 million mortgage fraud scheme. His efforts have landed him a jail sentence of five years and four months, along with a demand for restitution. California Attorney General Rob B...

Wholesale

EPM Denies Halting Sponsorship Payments Due To 'Margin Call'

Refutes claim made in race car sponsorship lawsuit.

A partner with Equity Prime Mortgage LLC (EPM) on Thursday denied an allegation in a recently dismissed lawsuit that his company stopped paying a race car sponsorship because of a "margin call." Phil Mancuso, a partner and chief investment officer for EPM, said in a teleph...