Fannie Updates DU to Reflect Preforeclosure Sales

Fannie Mae is updating its automated underwriting system so that lenders can report when troubled borrowers completed a preforeclosure sale so they arent treated as if they went through foreclosure when they apply for a new mortgage.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Fannie-Updates-DU-Reflect-Preforeclosure-Sales-1039233-1.html

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