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mcbride301 · Joined: 22 Oct 2009 Posts: 5 2.00 Dollars($)

We were approved for LOAN MOD with lender, FANNIE MAE responds DENIED for "repurchase". We are awaiting the denial letter for some insight. Will contact lender tomorrow for more details. Anybody heard of denied for "repurchase"?

mrripper · Joined: 22 Oct 2009 Posts: 12 2.65 Dollars($)

Fannie Mae is your lender?

mcbride301 · Joined: 22 Oct 2009 Posts: 5 2.00 Dollars($)

mcbride301 · Joined: 22 Oct 2009 Posts: 5 2.00 Dollars($)

FANNIE MAE IS NOT THE LENDER, BUT THE INVESTOR. MY LENDER STATED I WAS RECOMMENDED FOR MODIFICATION, FANNIE MAE RESPONDED - DENIED DUE TO "REPURCHASE" - ANY CLUE WHAT THAT MEANS?

manoj_gopale · Joined: 16 Feb 2009 Posts: 488 0.00 Dollars($)

it is lot more confusing that you are gettin financed by fannie.(lender) anyway!! I think they are referring to the fact towards repurchase of same house by the same owner may be through some other means....

keep in touch....

mcbride301 · Joined: 22 Oct 2009 Posts: 5 2.00 Dollars($)

working with lender on repayment schedule now - however confused that lender recommended and FANNIE MAE denied...

Posted: Thu Oct 22, 2009 8:44 pm Post subject:

In my opinion, your best bet would be to contact the lender to know about the "denied for repurchase". He will be the best person to let you know about it.

Posted: Thu Oct 22, 2009 8:51 pm Post subject:

yep - that will be today - thanks.

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denied for repurchase?