Fannie Mae Home Path question

[John H.]

Anybody have any experience with them?  BP doesn't seem to discuss those types of loans - or I'm just looking in the wrong places. 

I guess my questions are these:

1. How do I go about getting financing for HomePath properties? 

2. Did Fannie Mae discontinue the program?  Not much info on google - some hits show up as Fannie Mae discontinuing the program but they still have a website with listings of available HomePath properties.  

[Julia Dugger]

@John H. I know this one is confusing -- HomePath is the identity used with everything associated with Fannie Mae-owned REO. HomePath.com is the website, naturally and you'll see "HomePath" sign riders in front of the houses. There was, at one time, a special HomePath financing which was the financing product available only on HomePath properties -- that is what was discontinued a few years ago. It was quite popular with investors because it is essentially a conforming loan, however it had no appraisal requirement and expanded limits on the number of existing properties an investor could own.

@Eric Thomson, for what it's worth, there are some HECM properties managed by the Fannie Mae REO team however those properties do not show up on the HomePath.com site. You will find them on the local MLS and you may see signs of HomePath/Fannie Mae activities on-property.