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Lenders Tightening Up again?

By Trevor Jules

Mortgage and Lending with 2 Blue Chip Professionals, LLC

March 10, 2008 04:02 PM

Some lenders are are removing their FNMA 100 programs also due to changes by the MI companiesthe FNMA Flex 97, FHLMC 97 and Community program guidelines are will have a reduction in maximum CLTV as well as an increased minimum credit score of 680 on loans with LTVs greater than 80.00%. What's next?

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Julie Jalone

MagnumOne Realty - Roseville, CA

You have hit the nail on the head, what is next and how soon. The changes in the mortgage industry are coming at a staggering pace and not all of them will help the current real estate situation. We really need some of the bigs guys to stand up and get this under control.

Thanks so much for visiting my site and leaving a comment on my "Challeng Overload" post. I appreciate the time and effort.

Julie Jalone in Sacramento

Mar 14, 2008 09:24 AM

Trevor Jules

2 Blue Chip Professionals, LLC - Ellicott City, MD

Thanks For commenting Julie. We do need someone to someone to take control of this. I believe there is more to come before it gets better.

Mar 14, 2008 11:15 AM