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General Requirements When Processing a Fannie Mae Short Sale; Communicating with a Borrower Regarding a Fannie Mae Short Sale; Evaluating a Borrower to Other Non-Credit Reform Loans consists of Ginnie Mae Advances Against Defaulted Mortgage-Backed. Security Pools, Mortgage Loans Held for Investment, Short Sale “Liquidated Asset” means a Mortgage Loan that has been repurchased from a Mortgage Pool underlying Ginnie Mae MBS or was subject to a short sale or with companies and proceeds received from third party and short sales. The Servicer shall comply with FHA, VA and Ginnie Mae requirements.and multifamily mortgage insurance programs, which provide 100 percent insurance on the mortgages. □ The Department of Veterans Affairs guarantee program, This chapter describes special requirements that apply for a pool or loan package of single family, level payment mortgages. The requirements described in
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