Fannie Mae and Freddie Mac recently released rules for processing short sales and deeds in lieu of foreclosure in accordance with federal short sale guidelines known as HAFA (Home Affordable Foreclosure Alternatives), which took effect in April. 

The rules from Fannie and Freddie differ in significant ways from one another and from the federal HAFA program. NAR is offering a webinar on July 29 to familiarize members with the two companies’ rules and help you understand how they differ from each other and from the federal rules.