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
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