Real estate blog entries tagged with declining market by First Ohio Home Finance

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Home : Blogs : Jeremiah Arn : Jeremiah Arn's Blog : Tag "declining market"

declining market: Fannie Mae ends declining market policies in favor of appraisal reviews - 06/04/08 03:45 PM

We heard recently from one of the lenders we deal with that Fannie Mae is killing its broad declining market policy. Before you celebrate, though, read on to see what plans they have for real estate! As recently as January 2008, Fannie Mae decided that labeling entire zip codes or counties – even states like California and Florida – as declining markets was a good idea to protect their interest in residential real estate. The blanket designation could not be appealed or overturned by specific underwriters.
As the GSEs like Fannie, Freddie and FHA’s Ginnie steer away from blanket designations, … (1 comments)

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Jeremiah Arn

Westerville, OH

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First Ohio Home Finance

Address: 385 County Line Rd W, Suite 200, Westerville, OH, 43082

Office Phone: (614) 818-1850

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