Homepath.com is run through Fannie Mae, it just basically means that it's a bank-owned property, and you would submit offers directly through Homepath.  

The downside is now you both have used up 1 out of 10 of your maximum # of financed properties by Fannie Mae.

In addition to what Steve said, Fannie Mae and Freddie Mac listings are in your local MLS or on realtor.com.

., they are actually Fannie Mae homes; it seems that Fannie gives itself preferential treatment.

Good Morning BP,If you've ever been denied for a loan because your unreimbursed expenses on Schedule A of your 1040's were too high, have it looked over again.Fannie Mae just updated it's policies on this issue.  

Snags I've run into recently:Inaccurate property description/survey making what exactly is being conveyed questionable.The last property I purchased from Fannie Mae turned out to be actually owned by HUD.

I should probably post the answer as a cautionary tale...I would LOVE to finance this with Fannie Mae but.... 

As the above article explain mortgage interest rates are loosely tied to the 10 year treasury note.But for mortgages to be eligible to be bought by Fanny Mae they have to be below $417k or so.

You should find out if the investor is Fannie Mae or Freddie Mac, which sounds like it might be the case.

I dont know about HUD doing this but Fannie Mae puts a deed restriction on their titles not allowing you too sell it over x amount for at least 90 days after close.