losses: Fannie Mae has announced a new policy.
- 05/19/08 08:46 AM
Although Fannie Mae has written down a bunch of losses, Fannie Mae announced a new, national policy on down payment requirements for conventional, conforming mortgages the company will purchase or guarantee. I am so glad they have because this goes to show they are willing to stick their head out and see what happens and what is grabbed, regardless of this economy!! Starting June 1, 2008, Fannie Mae will accept up to 97 percent loan-to-value ratios for conventional, conforming mortgages processed through our systems that we use to do automated underwriting (Desktop Underwriter) and 95 percent loan-to-value ratios for loans underwritten … (3 comments)
Although Fannie Mae has written down a bunch of losses, Fannie Mae announced a new, national policy on down payment requirements for conventional, conforming mortgages the company will purchase or guarantee. I am so glad they have because this goes to show they are willing to stick their head out and see what happens and what is grabbed, regardless of this economy!! Starting June 1, 2008, Fannie Mae will accept up to 97 percent loan-to-value ratios for conventional, conforming mortgages processed through our systems that we use to do automated underwriting (Desktop Underwriter) and 95 percent loan-to-value ratios for loans underwritten … (3 comments)
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