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.

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