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How to prepare Freddie Mac / Fannie Mae 710

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About Freddie Mac / Fannie Mae 710

Freddie Mac and Fannie Mae are government-sponsored enterprises (GSEs) that were created to support and stabilize the housing market in the United States. Both organizations play a crucial role in the mortgage industry by providing liquidity to the housing market, ensuring that banks and other lenders have access to funding for granting mortgages. Freddie Mac, short for the Federal Home Loan Mortgage Corporation, was established in 1970, while Fannie Mae, or the Federal National Mortgage Association, was founded in 1938. Their main purpose is to buy mortgages from lenders, such as banks, credit unions, and mortgage companies. These mortgages are then bundled into mortgage-backed securities (MBS), which are sold to investors in the secondary mortgage market. 710 is not a specific term associated with Freddie Mac or Fannie Mae. It seems to be unrelated to these organizations. If you meant something else, please clarify, and I'll be happy to provide more information. However, it's important to note that the services provided by Freddie Mac and Fannie Mae are primarily relevant to lenders and investors in the housing market. Homeowners and potential homebuyers indirectly benefit from their operations since they help maintain a steady flow of funding for mortgage lending, which promotes homeownership and market stability.

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How to fill out a USAF Form 710?

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Video instructions and help with filling out and completing Freddie Mac / Fannie Mae 710

Instructions and Help about Freddie Mac / Fannie Mae 710

Hello boys and girls this is jason baker with short sale sync software today we're calling our class bank of america 401 about a month and a half ago or middle of april when bank of america changed all of their uh process internally inside of equator they started asking for all this new weird stuff so i wanted to make a little quick video that shows you all those forms what the rfd was the freddie mac addendum form 710 all of the new forms and show them to you okay make little videos so please report to the principal's office and we'll get going right here okay so rfd stands for reason for default in today's lesson class i want you to write hardship letter on the chalkboard 000 times hardship letter hardship letter hardship letter just do it 12 000 times we'll see you next week okay rfd stands for reason for default okay a reason for default or rfd letter is a hardship letter so let's look at the difference any questions an rfd letter is a hardship letter a hardship letter is an rfd letter got it let's talk now about the bank of america freddie mac addendum are you searching all over for the freddie mac forum like so many people are have they asked you for a freddie mac addendum when submitting a file if it's owned or the investor is freddie mac has bank of america ask you for a freddie mac denim only then to ask you for a form 1126 after you that you've already provided them with the old freddie mac addendum from last year and then once you filled out the form 1126 did they say oh my goodness they stopped using these on december 1st 2024 i'm...