The Federal Housing Finance Agency (FHFA) wants Fannie Mae and Freddie Mac to be more responsive to troubled homeowners seeking a short sale solution or who receive a bid from an interested buyer. 

The GSE regulator this week released timelines for decision making in short sale or deed-in-lieu (of foreclosure) transactions.  Servicers working for the mortgage giants must respond within 30 days to a borrower’s application for a short sale or a bid from a buyer. The borrower must receive a final decision within 60 days. 

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