Fannie Mae Extends First Look™ Period to 20 Days

Fannie Mae - First Look Period Extended to 20 DaysEarlier this month, Fannie Mae announced that they will be extending their First Look™ period to 20 days allowing “additional time for owner-occupants and public entities to submit an offer on a HomePath property without competition from investors.” The intent behind Fannie’s First Look™ is to foster public sector and family owner-occupancy, thus helping to stabilize neighborhoods and reducing taxpayer losses. Properties listed on or after January 2, 2014 will be affected by the extension. Learn more at http://bit.ly/18OBN7m.

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