Fannie Mae / The Federal National Mortgage Association [FNMA]
Reviews and Complaints

I got a 30-year mortgage from LandUS, immediately they sold my mortgage to Wells Fargo.

I made a $48,000 extra principal payment before LandUs first and last payment was due. It was honored before the only monthly auto payment was applied for December, 2021.

One day before I made my first auto mortgage payment to WF in January, 2022, I made an extra $25000 principal payment.

Wells Fargo applied it toward my auto payment first.

Our phone conversations were taped. I was told by two Wells Fargo operators that if I had made the extra principal payment few days earlier before the auto payment date, it would go straight to the principal payment first for that whole amount.

Per amortization chart, if they applied the principal first and then the auto monthly payment, it would have saved me approximately $58 on our loan balance.

In February, I made an extra principal payment of $34000 FIVE days before my autopay kicked in, as January operators suggested.

Again, Wells Fargo held the $34000 for five days, and paid toward the February payment first again. Then I was told (taped) by a supervisor, also by a research resolution rep that it had to pay the monthly payment first, then the rest as extra principal.

They said that I had a written contract with Wells Fargo (We had no contract with Wells Fargo, and also NOT the way LandUS handled our extra principal either).

It's another approximately $85 extra on the loan balance that Wells Fargo profited from this practice in February.

If I was advised correctly, I would have paid that extra principal on or before the first of each month.

Today I received a letter from Nermina Duratovic, Senior Escalation Representative. She was so clueless, stating that the funds were applied toward the principals and they don't owe me anything. If she's familiar with the amortization schedule, and also listened to all those taped phone conversations, wrong advices I was given, she could see what my concerns were.

It's the sequence of when/what payment that matters before telling me Wells Fargo's rules.

Dear Fannie Mae, my name is Linda Futch, an I'm contacting you in regards of a property that me and my husband,

Charles Futch would like to purchase. The address is 3383 Smiley Rd. Ludowici, Ga 31316. The listing agent is Kathrin Egner.
I contacted Kathrin on 1/8/18 and was informed that the home contract fell through and it was available. She informed the home
needed a lot of work and was told to go and look at the house. I did and it does need a lot of work, but I told her that we would like to see the property. We scheduled an appointment for 1/12/19 at 1:30. I told Kathrin that my VA agent would be coming and was told I didn't need her. I didn't know that she continued to lie to my agent, telling her the property was under contract. She had us upset with our agent, only to learn that it was Kathrin misleading all parties involved.

After viewing the property, my husband made an offer for $125, 000 and was prepared to pay our earnest
deposit. It wasn't considered. Kathrin told me that my husband needed to take a course before we couldn't put in an offer. The course was $75.00 which we paid. On Saturday the house was $145, 000 an on Monday, Kathrin sent us a email showing the price went up to $148, 000.

After several attempts to contact Kathrin and her broker, my agent was able to find the information some how and submit our offer. The behavior of your agent shows that she doesn't want our family to purchase this home or wanted us to pay much, much more which is old fashion, price gouging. We feel that we have been discriminated against in the worst way, and will be filing a complaint through the Fair Housing Act and People with Disabilities Act.

I can't believe that your agency would allow people to act in the manner in representing a company such as
Fannie Mae.

Jacquelyn Faye Lowden™©, Estate, In care of: Occupant to Executor Office
30650 Rancho California Road, Suite D406, 19A Foreign Non Domestic
Temecula California ZIP Exempt Postal Code DMM 602 1.3(e)(2)
North America / Northwest Territory U.S.A.
UCC 1-308; 1863: Book 12 Statutes at Large, 37th Congress,
Session III, Chapter 71, Section 23
First Class. Non Domestic. Without Prejudice. UCC 1-207; 1-308
Private and Confidential
Time Sensitive

To: Timothy J. Mayopoulos, In care of: President Office
Chief Executive Officer, Director
Federal National Mortgage Association
3900 Wisconsin Avenue, North West
Washington, District of Columbia ZIP Exempt
Postal Code DMM 602 1.3(e)(2)
North America / Northwest Territory U.S.A.

Under separate cover, was refused and returned, "abandoned, " paperwork which appears to fraudulently give notice in a fictitious name, at a fictitious location, in violation of several current postal laws, and in disregrd of the location of record, foreign to and outside of the United States, being the United States of America, California Republic, place in the record by the undersigned.
The Office of the Postmaster General and the United States Inspector General have been notified, with a claim, for investigation. There has not been authorization, agreement or consent to receive any mail matter from the offices of the Central District of California in either a fictitious name, or for delivery at a fictitious location. In fact, the only authorized name and location is as set forth in this communication to comply with federal criminal statutes and postal law.
Using or causing the use of this manner of mail matter delivery cannot legally confer territorial jurisdiction. Any presumptive jurisdiction, based on use of fictitious names and fictitious locations, is rebutted and denied.
The return of this unacceptable mail matter, to your Article IV territorial court, recreated by Congres with the enactment of 24 Stat. 308, and the creation of the Central District, by Congress, by 80 Stat. 75, is for the reason that it violates Title 18, sections 1341 and 1342, and Title 39 section 3003.
The Executrix to Office of Jacquelyn Faye Lowden™©, has common-law, trademarked and copyrighted this property. See California Uniform Commercial Code, (Civil code 22.2) filings at 17-[protected] and 17-[protected].
Your capitalization of the property, renders it a Title 18 section 8, obligation of the United States, which should be forwarded directly to the United States. For the reason that the matter is acquitted, in making the United States of America, secured party for return of the interest to the principal, (see Title 12 section 95a).[without subscription, for explanation]. The use of the Jacquelyn Faye Lowden™©, Estate title, in any manner, including upon any documentation or media, which contains any copy related to the protected title and property, is a violation of trademark and copyright and unauthorized use, and when sent for mail delivery in such manner, a crime as violating federal postal law.
Further, it appears that the attempt by the Clerk of Court, was to place territorial jurisdiction of the claimant within the United States, is advocacy and assistnace to a private law BAR card enrolled in the STATE OF CALIFORNIA BAR Association. If continuing, would require full-accounting relating in any way, to anyone's personal or professional involvement as referenced above and the arrogated paperwork intrusion upon the Jacquelyn Faye Lowden™©, Estate.
As a final matter, the counterfeiting of securities, by Ditech Financial LLC formerly known as Green Tree Servicing LLC, Anthony N Renzi, Green Tree Servicing Corporation, member, David Schneider, Northwest Trustee Services Inc, Barrett Daffin Frappier Treder Weiss LLP, Jasmine Jimison, Nichole Hegel, Edward Treder, Janaya L Carter, Auction.com, a division, brand of Auction.Com Commercial LLC (California registration and qualification as foreign entity CANCELED STATUS), California Multiple Listing Service, MLS # SW18104464, Gail Williams, Century 21 Preferred, Patricia Murphy, Hirata, Michael J Callahan, Lanelle L Schiefiele, are reported for Securities fraud, counterfeiting, trading contraband, filing a false claim and other crimes of sedition, in the name of your organization, the Federal National Mortgage Association. They have counterfeited notes, falsified records, abused legal process, including a non-judicial "foreclosure, " for the Federal National Mortgage Association, and are presently poised, through attorneys, Thomas J Holthus, Kevin R McCarthy, in care of: McCarthy & Holthus, LLP, 1770 Fourth Avenue, San Diego, California ZIP Exempt Postal Code DMM 602 1.3(e)(2), U.S.A., in violation of the STATE OF OKLAHOMA, 444 North Capitol Street North West, Number 517
Washington, District of Columbia ZIP Exempt Postal Code DMM 602 1.3(e)(2) Telephone: [protected]; Fax: [protected], statutes, Title 21. Crimes and Punishments, §21-554. Attorneys - Buying demands for suit - Misleading inferior courts. Universal Citation: 21 OK Stat § [protected]) (fair use only, applicable pursuant to Article IV, Section 1 of the Constitution of the United States): "Every attorney who either directly or indirectly buys or is interested in buying any evidence of debt or thing in action with intent to bring suit thereon is guilty of a misdemeanor, " by filing an action for eviction proceedings, upon the false claim that Federal National Mortgage Association is the holder of the loan, (counterfeiting, and contraband) and holds title to the property, in the STATE OF CALIFORNIA, 444 N Capitol Sreet North West Number 134, Washington, District of Columbia, ZIP Exempt Postal Code DMM 602 1.3(e)(2), Telephone: [protected]; Fax: [protected],
Superior Court, Riverside County, Southwest Division, as Trade Account Number SWC 1801854, authorized and assisted by W. Samuel Hammrick, Elected Constitutional Executive Officer and Clerk of Court. In fact, according to the latest research of many, December 05, 2018, on the official website of Federal National Mortgage Association, you do not own the loan, never did, did not nor could authorize the foreclosure, and did not, nor could, authorize an eviction as owner of the Note and title to the property in the trade account SWC 1801854. https://knowyouroptions.com/loanlookup/noma: Fannie Mae Loan Lookup Results: No Match Found,
It appears that Fannie Mae does not own your loan, based on the information you entered. Try the next steps below for assistance.
rosalyn omoyele
32861 sussex stakes street
menifee, CA 92584
Last 4 Digits of Social Security Number: ****
This appears is a racketeer influenced, corrupt activity and enterprise, to deprive the equity owner of the and it is requested that it be investigated fully to prevent harm to the equity owner, the bearer of the United States Certificate of Indebtedness, and a violation of the intellectual common-law trademarked and common-law copyrighted title, Rosalyn Ann Omoyele, "capitalized, " the represented person as principal by claimant, lowden, rosalyn ann, Attorney-in-Fact, (california civil code, section 22.2, fair use).

This activity is near the United States, but claimant is not a fictitious name, nor is claimant in a fictitious location.

Claimant has changed, permanently, the postal location, outside of the United States, in the United States of America as follows:
Jacquelyn Faye Lowden™©,
in care of Occupant to Executor Office
30650 Rancho California Road, Suite D406, 19A Foreign Non Domestic
Temecula California ZIP Exempt Postal Code DMM 602 1.3(e)(2)
North America / Northwest Territory U.S.A.

Any contrary presumption, that Claimant is within the territorial jurisdiction of the United States, by submission of this form, or otherwise, is hereby REBUTTED and VOID.
Confidentiality Notice
NOTICE TO PRINCIPAL IS NOTICE TO AGENT.
NOTICE TO AGENT IS NOTICE TO PRINCIPAL.
Authorized Signatory, Certificate Bearer, Equity Owner,
Common-Law Trademarked, Common-Law Copyrighted Title Owner
Attorney-in-Fact
Without recourse; Non Persona conjuncta
UCC 1-308; 3-402(b)(1); 3-419
This private email message, including any attachment(s) is limited the sole use of the intended recipient ONLY and may contain Privileged and/or Confidential Information. Any and All Political, Private or Public Entities, Federal, State, or Local Corporate Government(s), Municipality(ies), International Organizations, Corporation(s), agent(s), investigator(s), or informant(s), et al., and/or Third Party(ies) working separately or in concert or collusion, directly or indirectly, by collecting and/or monitoring My email(s), and any other means of spying and collecting these communications, Without my Express, knowing, complete and exclusive Permission are Barred from Any and All Unauthorized Review, Use, Disclosure or Distribution. With Explicit Reservation of All My Rights, Without Prejudice and Without Recourse to Me. Any omission does not constitute a waiver of any and/or ALL Intellectual Property Rights or Reserved Rights. This email is exempt, as outside of the United States, the Patriot Act and PRISM.

Hi I live in a property beneath one you guys represent at Royal Palm Fla; 126 Sparrow Dr unit 14A and Fannie property is unit 13B.
Is been two weeks since May 6 2016, on this day I came from work to surprisingly find out when going to my bathroom (master bathroom) the floor was flooded with water, I check the toilet tank the shower nothing, went couples of drops felt on my head I look up and I see water coming from and opening of heating light on the ceiling, at this point I hear there is people ups there (unit 14b) I went ups there and ask cleaning people was going on what happened here I have water coming thru my bathroom ceiling, to what a gentlemen in charge responded is not us went on and check under bathrooms sink and said there is no water leaking here, okay I went downs there again and look again, I went on to management on the building and spoke to Glenn and he came to see and saw the leak thru the bulb opening, he suggested for me to have someone to opened my bathroom ceiling to find out where from ups there was the water coming.
On May 7, 2016 I had someone come and bring down bathroom ceiling at this point Mr Glenn came again and together with the guy that work bringing down ceiling confirmed the water was indeed coming from unit, at this point Mr Glenn toll me am going to call realtor so he can come and checkout the situation< I responded okay just let them know that am going to get out of work early so I can meet with him, the realtor from(Acquired realty & investment) after I got in touch with Mr Tod the owner on mentioned company, Mr Jim, Ryan show on Monday May 9, 2016 he check my bathroom and agreed the leak was coming from unit 14b, he went ups there to try to figure out where was the water coming from, he toll me okay I look at everything we will try to get in contact with Fannie Mae who have this property to see if they send a contractor to see if they can fix the problem you would here from us in a week.
Now the thing is is been two weeks in which I haven't being able to sleep because of cont water dropping on buckets that I needed to pot to hold water and my allergies to humid are killing me, none to mentioned the walls are getting worst the water had gotten to the living room ceiling the bathroom door frame and everything is getting ruin little by little while am still waiting to here from realtors trying to hear from Fannie Mae.
My question would Fannie Mae would respond anytime soon before is to late and my property gets all ruin and how long would it take, or would it be necessary to use other means, please I want everything to get resolve in a civilized way, looking forward to hear from Fannie May soon.
thank you

I put in an offer on a house August 2014 the offer was accepted and earnest money was sent the SeviceLink title company in Anaheim CA.

September 8th after paying for an inspection Fannie Mae states that they "do not own the home" and they pull the contract.

Since this date I have been trying to get return of my earnest money and the $560 I paid for the inspection. Fannie Mae simply will not respond. So I'm out $1560 without a word from Fannie Mae. What's my recourse?

After building I was renting was foreclosed on by FNMA, I agreed to move out by a certain date and leave the building "broom swept clean" in exchange for a move-out fee of $750.
I moved out as agreed and left building as agreed yet FNMA will not pay me because they said a cabinet was left on the porch (which I promptly removed, and bucket in the yard (which I promptly removed) and they still wont pay me nor give me a plausible reason as to their refusal to pay me.
To make matters worse, they filed in magistrate court that they evicted me and they did not. Now it is a matter of court record that I was evicted and it is also on my credit report.
I have call them 78 times and written countless of letters to no avail, I am going to file suit.
If anyone out there has a similar situation I would be will to do a class action

On friday, june 6th, 2014, I received a letter for notice of sale of condo unit I was renting because I wasnt aware that the unit was in foreclosure. On June 16th, 2014, the condo unit was auction and bought by Fannie Mae. On June 17th, 2014, I received a notfication from landlord that I needed to vacate the unit by July 15th, 2014. On June 18th, 2014 I received "Knowing Your Options" notice in which Fannie Mae assigned Real Estate Agent Berkshire Hathaway HomeServices. I spoke with agent on June 24th, 2014 letting him know that I was not intending on continuing to rent the unit and I was relocating back to Westchester County. I did let him know that my lawyer would be contacting him. My lawyer did speak to the real estate Agent and requested an email about the relocation assistance. The agent intern submitted the emailed and indicated if I vacated the unit by the dates listed the dollar shown would be presented. With that being said, I was trying to vacate the unit by July 9th but I had to family emergenices which caused me to loose 2 love ones in my family (aunts). So, I intern sent an email to my lawyer and real estate agent asking what my options where and if the options was still possible to rent unit. On July 9th, 2014, Real Estate agent met me at my home to perform an inspection and to discuss the options. I told him that I am trying to do what is best for me and my child. I am a single parent who receives no financial assistance. He told me that to continue renting the unit, needed to be reviewed and first accepted by Fannie Mae, but to keep in mind the offer still stands on the relocation assistance funds presented in email to my lawyer. Because they was nothing concrete in stone about me being able to continue renting there because of the month-to-month lease I had with previous landlord, As a parent, I had to do what is best not just for me but for my child, I received a phone call about a place that was available in Westchester County and acted. I moved and called my lawyer the day I moved, so that he could let the Real Estate Agent know so that I can get my relocation assistance funds. Now the Real Estate Agent / Fannie Mae claims that I willing handed over possession of the property to you and vacated and no relocation assistance will be offered. I personally feel like with all that I have been through Fannie Mae / Real Estate Agent should made a better determination about this whole process due to a clear misunderstanding brought upon stress and lack of communication as to the terms of the programs stipulations on Real Estate Agents part.

In Naples, FL we submitted an offer for Fannie Mae property at 5031 HICKORY WOOD DR, NAPLES, FL 34119 - REO ID A131Z58. The Buyer is a First Time Home buyer and qualified to purchase. This is the exact buyer profile the Homepath was setup for. Getting First Time owner occupants in these home is what it's all about. Janice Gover is the Realtor representing Fannie Mae. On June 1st we were told to submit our highest and best offer because there were 3 more offers. We did so and were told we were highest but they wanted to counter with some changes. Fannie Mae lowered the inspection time to 10 days and appraisal time to 10 days. We accepted those changes and signed that acceptance in Homepath. Homepath.com and the Realtor said our offer was "Accepted." We need only wait for the Addendum. We wired the $5, 000 deposit to Fannie Mae's lawyer in Tampa. On July 3rd we get a call from Janice Glover saying they decided to do another "highest and best" because she got another offer that was higher than our "Accepted Offer. This is considered Unfair Dealing within the Ethical guidelines of a Realtor not to mention that it's ripping a home away from a First Time buyer. As Realtors we are expected to Protect the Public not sell them something and then take it away when a better deal comes along. These people should be prosecuted to the greatest extent and this First Time Home Bubyer should get this home.

I purchased a Fannie Mae REO home in 2008 with Results Realty as the listing broker. A Request for Repairs was added to the purchase contract and my real estate agent received notice from the seller's agent that all repairs were authorized on the list from
Fannie Mae, seller. However, two delays in escrow had already occurred because the Fannie Mae approved contractor was
not able to get to the job site. The Fannie Mae real estate agent contacted my agent that all repairs were done and the VA
appraiser could come and do his final inspection. Four repairs were not required for VA funding but were put into the Request for
Repairs as a safety situation : missing flu vent to central heating to vent it to the outside, missing gas cap, exposed electrical
wires in the attic and a broken garage door cable. Two of those items were done but the repair contractor sealed the only
attic entrance with wood screws and I could not physically get into the attic to see the work for myself. My agent requested a
work order or invoice to show the work was done in the attic, the listing agent said it would sent and never was. Escrow closed
and I had no ability nor reason to go into the attic until the central heating unit malfunctioned.
A repair technician discovered the missing flu vent was still missing and had never been repaired to vent the central heating
unit and immediately disconnected the gas to unit. He refused to fix the unit stating a serious hazard until it was vented
properly and I had to pay out of pocket to have the furnace vented. All this Fannie supposedly had authorized to be done.
The listing broker selects the Fannie Mae contractor from a list, acquires the job BID submits it and waits for authorization
to proceed. The broker is then responsible for detailing the work to be done, room by room for the repair contractor, is responsible for verifying the work was done and pays the contractor. The broker is then reimbursed by Fannie Mae a later date (usually after close of escrow) for their payment to the repair contractor. When I contacted the Listing Broker about the situation that I had
just discovered I was told "your issue is with the seller, Fannie Mae, I am not the seller". Fannie Mae's policies for brokers
and contractors is available for public view via internet. I think that was a cowardly answer and attitude by the Listing Broker. It was obvious that Fannie Mae as the seller intended to honor the Request for Repairs and she failed somehow in her duties in
communication with the repair contractor or to make sure the repair work was done before informing my agent that all was
completed. I failed to stop escrow when I couldn't get into the attic and went on mistaken good faith judgement that everything was done as requested.. It is a very disappointing situation and I believe Fannie Mae
should have issue also with the way their listing broker managers repairs and won't own up to their own mistakes. They may have a repair contractor that is less than honest and overcharging them or a listing broker that is doing so. It is a sad
way to maintain good buyer relationships. I certainly won't be a Fannie Mae property buyer again, they are too difficult to find afterwards should a problem occur. And I certainly will never buy anything or recommend anyone else do business with that listing broker.

foreclosed house right in the middle of owned family land with no right of way in 2009 brother-in -law and sister lost their house in the downturn. Fanny Mae had a lawsuit for right of way from my dad, they lost. today 2013 after it was put onto the open market for sell we submitted three times offers to buy and they said no, the last offer was the most they had been offered over all the other buyers looking at it. then they pulled a good one. they said a family member can't buy it it's in the policy. I called John McCain office to look into it, they said they have their own rules we can't tell them what to do. the house goes up for auction today I am told. I asked if I could bid like everyone else on it. the realtor said same rules applied. this is why we need to get rid of them crooks for mom and pop and all of America.

The Loan Modification that Fanniemae/Seterus is outrageous or a bold face scam. I was approved for a loan modification that changed only the loan term. It changed it from a 30 year to a 40 year mortgage. Giving them an estimated profit of $125, 665.59 in interest payments for a $2988.42 of past due payments They claim the house has equity which is not true. I have submitted a comparative market analysis of the property and the selling price of the house is $25, 000 below the mortgage amount. They have refused to accept the CMA but focus only on the assessed value which everyone knows is used for city/governments to collect taxes.

There is no over sight for wrong doings of the system, Fannie MAE is blameless because the appointments of power, from HomePath all the way down to the appointed realtor. The amount of abuse and back door dealing is appalling. Buyers are nothing but sheep to this system and the only fraud number leads right back to the wolf.
HUD guidelines are used as gospel but manipulated for profit and gain. If you make it out of the dark woods of HomePath, you then have to deal with the loan officer. Once again the gospel of HUD is told to you and when it comes out that the lenders version and the realtor’s version both don’t match HomePath’s version, it turns out it’s none of their fault it’s the buyer’s fault.
All of these organizations follow the same creed “WE HAVE IT; YOU WANT IT”. Without oversight of the system it only has one way to go, and that is down. It sure would be nice one time if the government could put guidelines into place for the people.
I am compiling all the facts in one document at this time, to publish and hopefully point out to the unsuspecting; the short falls of the system, and maybe just maybe I will find someone in the mess that actually wants to help.

Doubt any recourse is available for this situation. Appraisal and subsequent agreement both state property zoned residential (not quantified at all, just listed as residential R3. 7 years later we have decided we'd like to remodel with an addition and find that property is actually zoned business, single residences are non-conformance properties and this has been so for at least 20 years.
This will entail extensive meetings with the zoning board for waivers and exceptions and in the end they could reject every request.

I PLACED A BID THROUGH HOMEPATH- FANNIE MAE FOR A HOUSE (811 LOUSIANA, NEW ORLEANS, 70115) AND MET THE FANNIE MAE ASKING PRICE (ACTUALLY ADDED A $1, 000+ TO ASKING PRICE). THE SELLING AGENT CAME BACK AND SAID THAT ALL OFFERS WERE REJECTED AND THAT HE IS TAKING THE HIGHEST BID IN THE NEXT 24 HOURS. WE ASKED WHY? NO RESPONSE...SOUNDS LIKE A SCAM...ASKED FOR THE ASSET MANAGER'S NUMBER AND NAME, THEY WILL NOT RELEASE IT...CALLED FANNIE MAE AND THEY ARE TELLING ME TO TALK TO ANALYST 2, LEFT MESSAGES, NO IS CALLING...FANNIE MAE WILL NOT GIVE NAME AND NUMBERS OF THE ASSET MANAGER OR A SUPERVISOR. I TRY CALLING AND JUST LEAVE MESSAGES...THIS IS A SCAM! WHO CAN I COMPLAIN TO WITH THE FEDS?

After finding a condo a putting a bid that was accepted. Mr. Whittle called to set an appointment to close disregarding the fact that the house was currently rented. I informed him that I would not close until the renter had moved out. In the process of the inspection it came up that the ac unit was broken. He agreed to have it fixed before closing date. A month went by the renters moved and it was time to close. I asked to go do an assessment of the house to make sure the ac was working condition. Only to find out that it still has yet to be repaired. He still pushed to close without the ac being fixed. I offered to take the price of the new ac out of the cost and we would take care of fixing it. He claimed the seller refused which was odd considering it took him 3 minuets to respond to the email which doesn't seem like enough time to call the seller and get a real response. The behavior of Mr. Whittle was and still is very unprofessional. I would suggest avoid making business with this gentleman and his business American Allstar Realty.

I am half way through the lease of a single detached home I 've been renting, The owner let it go to foreclosure, it went back to the bank (Fannie Mae). I finally got through to them to set appointment with there property management team to view my lease and we did agree on an amount and had the appointment set to sign the papers and I was told from the Property Mgr that Fannie mae pulled back and is moving forward with the eviction process.. I AM SO BAFFOLD and LOST in knowing my rights. I am a full time working single parent. Can they do that?

We recently went into contract with Fannie Mae in November. We found a house listed around 160K W finally placed a bid and got the property at 137 after they ended up reducing the price after 2 months. We saw the house and placed our bid. Fannie Mae and us knew there were issues in the house since the beginning, before it was even listed. We were told that we could get some relief of the work that would need to be done for the house to pass appraisal and inspection. We went ahead and ordered the inspection. Fannie Mae had to send out their de-winterization people for the inspection to be done. The first scheduling the guys never showed! The second time we set up a time with them speaking eye to eye. They agreed to be there the following Monday. Monday rolls around, no de-winterization guys! So we had the agents set up a time with everyone. This included both the inspector and appraiser. We all show up and the de-wint guys actually do show up. They were supposed to get up everything up and running properly. Bleed the pipes for the heat upstairs etc. Well they were rushing their jobs and left BC they had another 'job' to do. Once they left the appraiser was checking upstairs bathroom. Well the guys left the bleeder valve open on the heater in the bathroom. AN INCH OF WATER all over the floor. Well were do you think that water was going to go? Since we had no towels, the water seeped through the floor and down to the kitchen ceiling.
This is after we went in 2x since we signed the contract, we found patches of ceiling and walls out of the kitchen and dining room. The sellers agent was never told about this and neither were we. We said those patches had to be fixed to the original condition of what we wrote the contract on. Fannie had someone come out to fix the patches BUT the house wasn't tempered and you cant patch drywall with out having the house tempered in winter weather! The Spackle will never dry correctly. So everything looked horribly done, plus not in the same condition as when we had signed.
So as everything was in place for the mortgage and on our end, there were repairs that needed to be done to make the house a livable condition. The heating system was not working properly, leaky valves etc, the door jams in the front and back door were rotted, and the electric wasn't working on half the side of the house!
These things needed to be repaired for our bank to give us a loan on the property. Fannie Mae would NOT negotiate price nor negotiate fixing anything with us. A few weeks away from closing and they aren't even helping us buy our first home!

FANNIE MAE IS A DISGRACE! They clam they want to get hard working Americans into homes but they cant even use some of their bailout money to fix what is probably peanuts in their eyes! I have never had such a bad experience in my life! I can not believe they shattered a families dream with only weeks to go. And the worse part that act like they can do anything they want! Isn't there anyone that should be controlling these people? Its a dirty business and they cant even sell half the house they buyout as it is!

I put a bid in on a house that was Fannie Mae/Reo owned that was priced way over what it was worth. The price 183, 600.00. my bid was 110, 000.00. This was a cash bid, no financing involved. We just received there reply and I quote buyer needs to come up with a serious bid or move on the price is 183, 600.00. I went to issue a complaint to Fannie Mae and wrote to the wrong department and was told that it would be sent over to there property department but if I wanted to talk to somebody then I could call [protected]. I did where I was informed that Fannie Mae does not negotiate prices, or allow bids to come into there offices, so I want to know who said No to the bid and can I sue Fannie Mae if they sell the house for less then the bid that they gave me that was 183, 600.00 @ because of discrimination of somebody who can pay cash over somebody that would have to have financing from them or any other financing company?

I bought a house in May 2009 in California. My job was transfered to Oahu so I had to move. Now I can’t buy another house because Fannie Mae rules state I have to have 30% equity in the Concord house, 30% equity in the house I want to buy and 3 month’s reserves in the bank to cover both houses even though I have a renter in the Concord house with a 2 year lease. I have the reserves but don’t have the equity. The reserves would have been my down payment, but now I will have no down payment. On top of that an FHA Loan requires PMI no matter how much I put down. What’s going on here? I make over 100k a year and can’t buy even the cheapest house. The rules have effectively banned the average homebuyer from getting a second house no matter what the circumstances. Only the rich can now buy a second home. The financial institutions can screw us by making ridiculous loans that trash the country’s economy and then, after getting huge bail outs at our expense, they can refuse to make reasonable loans to responsible people. I’m disgusted.