lending changes: MORE Lending Changes - NEW Mortgage Insurance Guidelines - 02/14/08 03:53 PM
It just got harder to finance greater than 95% financing. Here is an excerpt from one Mortgage Insurance Company. All three companies that I have checked so far are making similar changes. These changes only affect conventional Fannie and Freddie loans - regardless of AUS (Automated Underwriting System) findings. Government loans (FHA, (4 comments)
lending changes: PLEASE READ: MORE Lending Industry Changes!!! - 11/20/07 02:57 PM
Last week I found about a few "upcoming" lending changes: (1) Fannie Mae's interest rate adjustments according to credit score risk effective March 03, 2008 (FNMA Announcement 07-16) and (2) the MyCommunity Mortgage changing its allowable seller contributions from 6% to 3%. Well here's another major change that is and will be (2 comments)
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