Home : Blogs : Greg Adelman : Greg's Blog

Market update

Here is a new update for agents and customers:

-- Fannie Mae (NYSE: FNM - News) today announced that it will reinstate a requirement for homeownership counseling and education for first-time homebuyers obtaining a MyCommunityMortgage® loan or a loan that relies on nontraditional credit to qualify. Effective January 1, 2009, the requirement is geared toward helping borrowers better assess their options and responsibilities both before and after they purchase a home.

In otherwards, agents, customers, originators all have to pay for the sins of others. Sorry!

Thanks,
Greg Adelman

Midwest Home Center LLC.
715-483-0012
612-735-4414 cell
612-395-5444 fax

www.midwesthomecenter.com

Posted by Greg Adelman on 10/30/2008 11:26 AM

Comments (0)

Fannie Mae News in the ActiveRain Channel

fannie mae, mortgages

This post has been included in Wisconsin Information Polk County, WI Information Saint Croix Falls, WI Information
Post is included in group: New Home Sales
Post is included in group: Short Sale Specialists & Pre-Foreclosure Education

0 Comments on Market update

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?

Greg Adelman

Saint Croix Falls, WI

More about me…

Midwest Home Center

Office Phone: (715) 483-0012

Cell Phone: (612) 735-4414

Email Me

Links

Archives

Find WI real estate agents and Saint Croix Falls real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.