Real estate blog entries tagged with declining market by Karl Burger - Pensacola Real Estate News (ERA Beach Ball Realty)

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Home : Blogs : Karl Burger - Pensacola Real Estate News : Karl Burger - Pensacola Real Estate News's Blog : Tag "declining market"

declining market: Declining Real Estate Market Policy Scrapped by Fannie Mae - 08/02/08 04:31 PM

See original post at Pensacola Real Estate News
The Pensacola Real Estate market was listed as a "declining market" by Fannie Mae. Fortunately, Fannie Mae has decided to scrap the "declining markets" policy. This policy required loan underwriters to boost minimum down-payment requirements by 5 percent in areas where home prices are falling or difficult to determine. Pensacola Florida was considered one of those areas. The policy also applied if an appraiser determined a property was in a declining market.
This is great news for potential home buyers in the Pensacola real estate market. Beginning in June 2008, Fannie Mae will instead require … (0 comments)

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Karl Burger - Pensacola Real Estate News

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