More Knee Jerk Reactions in the Wonderful World of Mortgage Lending - 07/02/08 11:43 PM
If you thought it was hard getting your client approved before, there are new FNMA changes coming August 1st that will again change the ability of how we as Loan Officers have to look at business. 
 The new rules are as follows:
 
 FNMA does put the following disclosure at the bottom of this change:
 These guidelines are applicable to manually underwritten loans and, except for the additional reserve requirements, must also be applied (on a manual basis) to loan casefiles underwritten with DU. DU will determine the level of reserves for each loan casefile.
 So it will not matter if … (3 comments)

 
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Tony Bolodar

Plano, TX

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