Fannie Mae has announced new eligibility rules for home buyers who have experienced a short sale or deed in lieu of foreclosure.  The time that must elapse after a real estate foreclosure or short sale before home buyers can qualify to purchase a home has been changed!  There are other factors that affect these changes as well, such as down payment amounts (LTV) for the transaction, and whether there was a legitimate hardship associated with the loss of home.

You can read the full announcement and changes here at Fannie Mae