1. Fannie Mae Short Sales Assistance Desk for Realcomp REALTORS^® (09/20/2011): In cooperation with MLSs across the nation, Fannie Mae developed the Short Sale Assistance Desk ("Assistance Desk") to assist real estate professionals in handling post-offer short sale ssues that may relate to servicer responsiveness, the existence of a second lien, or issues involving mortgage insurance. The Assistance Desk leverages the relationship between the participating MLSs and their members to collect and submit information to Fannie Mae using a dedicated submission form on the MLS website. Complementing this streamlined service, the participating MLS provides Fannie Mae with data to help improve valuations and make quicker decisions regarding short sale requests. The Assistance Desk is meant to serve as a backstop to empower real estate professionals in those cases where the normal approval channel has bogged down, and where Fannie Mae's intervention may serve as a catalyst for progress towards a resolution. The Assistance Desk is not intended to replace the normal approval channels, nor is it intended to serve as a compliance or enforcement function or as a potential appeal for decisions the real estate professional believes to be unfavorable.

• To access the Assistance Desk program, login to Realcomp Online^® and select "Listing Management" and "Short Sale Assistance Desk".
• View/print our Customer Announcement on the Short Sale Assistance Desk.
• View/print our Short Sale Assistance Desk tip sheet for Realcomp REALTORS^®.
• Watch a 60-minute interview with Marcel Bryar, Fannie Mae's Vice President, on the development of the Short Sale Assistance Desk program.

Watch for confirmation of the new program's availability to be announced on the Realcomp Online^® announcement screen once it has been installed.

2. Fannie Mae Home HomePath^® Online Offers Pilot: On November 10, 2010, Fannie Mae launched the HomePath® Online Offers Pilot program to collect offers and manage the offer submission process on properties listed on HomePath.com. Agents and brokers, representing buyers, are required to submit offers exclusively on HomePath.com, for properties listed in Wayne County as of Wednesday, November 17, 2010. Learn what you need to know through the following resources...

• 1. Homepath Announcement for Agents - includes Benefits of Program, Registration, Online Webinars & Training Materials, & E-mail for Questions.
• 2. Homepath Online Offers Job Aid - for Listing Agent
• 3. Homepath Online Offers FAQs - for Listing Agent
• 4. Homepath Online Offers Job Aid - for Selling Agent
• 5. Homepath Online Offers FAQs - for Selling Agent

Additionally, Realcomp REALTORS^® who list Fannie Mae owned properties in Wayne County should include the following verbiage in the Agent remarks section of these listings:

“The seller has directed that all offers on this listing made on or after November 17, 2010 should be made online in HomePath.com. Please go to www.homepath.com to make an offer.”

4. Fannie Mae REO Homes for Sale: Help your clients find great affordable housing opportunities with Fannie Mae-owned properties, with up to 97% financing for select properties through HomePath financing options. Visit: www.HomePath.com - the site is available in both English and Spanish.

5. "First Look" Overview - Fannie Mae REO & Neighborhood Stabilization: Putting Public Funds to Work for Homebuyers and Communities. Fannie Mae’s goal continues to be to manage disposition of Real Estate Owned (REO) properties in a way that makes financial sense for the company and maintains the integrity of local communities. Individuals and organizations using public funds to purchase Fannie Mae-owned properties can now take advantage of a “First Look” initiative. How “First Look” Works - During the first 15 days a property is listed for sale, only offers from owner-occupants, public entities or their designated partners will be considered. Offers from investors can be submitted, but they won’t be considered until after the initial 15 days. How does the "First Look" program affect Realcomp's MLS rule that requires MLS Subscribers to present all offers as soon as possible? It does not affect Realcomp's rule. MLS Subscribers continue to be required to present all offers as soon as possible. Additionally, it becomes even more important than ever that Realcomp Subscribers indicate when listing a property that a "Fannie Mae Backed Mortgage" applies. This can be accomplished through the "Other Features" feature code group on the listing profile form. Get all Fannie Mae-related details about the "First Look" program here: http://www.realcomp.com/Docs/Overview_First_Look.pdf.

6. Fannie Mae Real Estate News Updates: Fannie Mae has introduced "Real Estate News" to help real estate professionals stay updated by e-mail on new policies, products, and other topics important to their business. To keep up with important news and information on Fannie Mae REO, short sales, local events, policy announcements, and more, please sign up by going to www.HomePath.com and clicking on the "Real Estate Professionals" tab.

7. Fannie Mae Accepted Condos, Co-ops, and PUDS: For a list of approved Fannie Mae condominiums, cooperatives (co-ops), and Planned Unit Developments (PUDs) in your community, visit: https:www.efanniemae.com/sf/refmaterials/approvedprojects/index.jsp.

8. Financial Stability Plan: This website provides an overview of the U.S. Treasury Department's Financial Stability Plan, including press announcements on the second lien program and foreclosure alternatives for short sales. Visit: www.financialstability.gov.

9. Foreclosure Alternatives and Home Price Decline Payments: On May 14,  2009, Treasury announced new details on Foreclosure Alternatives and Home Price Decline Payments. The Foreclosure Alternatives are meant to prevent costly foreclosures by providing incentives for servicers and borrowers to pursue short sales and deeds-in-lieu of foreclosure in cases where a borrower is eligible for a MHA modification, but unable to complete the modification process. Visit: http://www.financialstability.gov/latest/tg_05142009.html

10. Making Home Affordable: The Making Home Affordable Program announced on March 4, 2009, includes Fannie mae Affordable Refinance options and the Home Affordable Modification Program. The information can be obtained at www.efanniemae.com/sf/mha/index.jsp or www.MakingHomeAffordable.gov

11. Second Lien Program: On April 28,  2009, Treasury announced a Second Lien Program so that when a Home Affordable Modification is initiated on a first lien, servicers participating in the Second Lien Program will automatically reduce payments on the associated second lien according to a pre-set protocol. Visit: http://www.financialstability.gov/latest/pr04_28.html.

12. Spanish Language Tools, documents, and forms/Herramientas, Documentas, y Formularios en Espanol: To support your outreach efforts to Spanish-speaking homebuyers, Fannie Mae offers a variety of tools, documents and forms. From a bilingual glossary of industry terms, to mortgage documents in Spanish, to bilingual counseling tools and consumer product facts, Fannie Mae is working toward helping you better serve people in multicultural communities. Visit: https://www.efanniemae.com/sf/spanish/index.jsp.

13. Working with Short Sales Webinar: Take this short training course on the basics of short sales. To access the webinar, go to http://fanniemae.articulate-online.com/7778700900.

Questions: To contact Fannie Mae's Resource Center with questions or concerns, call 1-800-732-6643.