The government-sponsored enterprises have implemented consistent guidelines for short sale procedures and those efforts are expected to expand to include additional loss mitigation efforts.

Speaking at the National Mortgage News Best Practices in Loss Mitigation Conference in Dallas Friday, Mert Kayan, Fannie Mae director of loss mitigation strategies and products, said he expects the Federal Housing Finance Agency (FHFA) to instruct Freddie Mac to adopt a deed-for-lease loss mitigation option that will mirror a policy already in place at Fannie.

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