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In its attempt to stabilize the housing market by increasing investor confidence, Fannie Mae has tightened up a bit on its requirements for loans that it will buy. Since most lenders sell the loans they generate, and since Fannie Mae buys the majority of housing loans, they set the "gold standard". If a loan can be found with less stringent requirements, it will typically cost more in terms of loan fees and interest rate. So, changes made by Fannie Mae are extremely important to the markets and have a huge impact on an individual's ability to get a loan on a … (1 comments)
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