Recent guidelines have been expanded for borrowers whose mortgages were sold to FNMA or Freddie Mac on or before June 1, 2009. Take a look below for some of the changes. There are now loans that may qualify that did not qualify before.
· There is no Loan to value/Combined Loan to value requirement on newly originated fixed rate loans. ARM loans are limited to 105% LTV and no Combined Loan to value limit · If your loan has Borrower Paid Monthly … (0 comments)
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