Fannie Mae to tighten DU

What does that mean?  Well less loans will be Approved. You will see Levels but who is going to finance them? Fannie Mae is putting a cellar on the credit score of 580.  Everyone else has.  Mortgage Insurance will not be a mitigating risk factor anymore.  But most of this is going on already.  The DTI's will be tightened.  But lending laws and regulations have already said that they should be tighter.  We just need to fasten our seat-belts for the bumpy summer ride.  I think the market is going to start turning around by fall.  We must keep a positive attitude and try to find financing for our potential home-buyers.