Fannie Mae to adopt higher standards for risky borrowers

At the end of the month, Fannie Mae is going to make things a little tougher on people who have a foreclosure by adopting higher minimum down payment and credit score standards if you have had a foreclosure in your past. Some exceptions might be made for borrowers who faced a hardship situation. However, for those who could have paid but walked away instead, there will be consequences.


From Realtor Magazine.


What'cha Say?

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s