We received word yesterday that Fannie Mae and Freddie Mac's
automated underwriting systems will not be ready until March 2012.
This could delay the rollout of the program. More to come on this
as the mortgage industry, banks, and investors of mortgage backed
securities process the viability of this program.
I'm still very hopeful that many Arizona homeowners will
benefit. I promise to keep all of you updated as I learn more.
~ Kelly