Freddie Mac Commission

[Ellen Dittman]

Does anyone have documentation that Freddie Mac may not reduce commission below 6%? Fannie Mae made an announcement several months ago but I cannot find any "proof" for Freddie Mac. Thanks for your help!

[Van M. Agakanian]

Hi Ellen, here is a quote I found from NAR's internal news service, the "AE Report" : -"NAR President Charles McMillan in a meeting thanked Herb Allison, CEO of Fannie Mae, for raising the investor loan limit from four to 10 units and instructing its servicers not to negotiate commissions on short sales below the amount negotiated by the listing agent (unless the commission exceeds 6 percent.") It references shrot sales only.

[Ellen Dittman]

Thank You!

[Carlos H. Silva Sr.]

Thought I saw a blog on Active Rain concerning that topic.

[Ellen Dittman]

I think I saw that one too.