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Wrong Ryan McGuinness?

Ryan McGuinness

Mortgage Servicing Policy Manager

Freddie Mac incorporated

HQ Phone:  (703) 903-2000

Email: r***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Freddie Mac incorporated

8200 Jones Branch Dr

Mc Lean, Virginia,22102

United States

Company Description

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is ma... more.

Find other employees at this company (7,191)

Web References(4 Total References)


www.synergypartners.com

The new Federal Housing Finance Agency short sale guidelines take effect Nov. 1, prompting HousingWire to invite Ryan McGuinness, senior servicing policy analyst at Freddie Mac, and Simone Beaty, operations policy director at the GSE, to go in-depth on what servicers and borrowers can expect when the new short sale guidelines hit.
McGuinness said the new FHFA process also will educate homeowners about their options for short sales. For example, if a borrower acts in good faith on a short sale, Freddie will not pursue deficiency, and may provide up to $3,000 in relocation assistance. Freddie is confident the new guidelines will help root out fraud. Since the threat of short-sale property flipping can undermine the GSEs' approach to helping distressed borrowers, all short-sales transactions are required to be arms-length deals, McGuinness and Beaty pointed out during the webinar. Short-sales flipping occurs when a party buys a short-sale and sells it for a profit the same day, McGuinness explained. The arm's length transaction requirement is in the guidelines to prevent this type of practice. Arm's length transactions are defined as deals between parties who are independent of each other and not related by either family, marriage or commercial enterprise, McGuinness and Beaty said.


www.atlantahomemagazine.com [cached]

The new Federal Housing Finance Agencyshort sale guidelines took effect Nov. 1, prompting HousingWire to invite Ryan McGuinness, senior servicing policy analyst at Freddie Mac, and Simone Beaty, operations policy director at the GSE, to go in-depth on what servicers and borrowers can expect when the new short sale guidelines hit.
McGuinness said the new FHFA process also will educate homeowners about their options for short sales. For example, if a borrower acts in good faith on a short sale, Freddie will not pursue deficiency, and may provide up to $3,000 in relocation assistance. Freddie is confident the new guidelines will help root out fraud. Since the threat of short-sale property flipping can undermine the GSEs' approach to helping distressed borrowers, all short-sales transactions are required to be arms-length deals, McGuinness and Beaty pointed out during the webinar. Short-sales flipping occurs when a party buys a short-sale and sells it for a profit the same day, McGuinness explained. The arm's length transaction requirement is in the guidelines to prevent this type of practice. Arm's length transactions are defined as deals between parties who are independent of each other and not related by either family, marriage or commercial enterprise, McGuinness and Beaty said.


www.sfresidence.com [cached]

Speakers included Simone Beaty and Ryan McGuinness of Freddie Mac.


jtaylorrealtor.com [cached]

HousingWire hosted a short sale guidelines webinar, which featured senior servicing policy analyst Ryan McGuinness of Freddie Mac and operations policy director Simone Beaty of the GSE.


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