Archive for the 'Fannie Mae' Category

Even harder to get a mortgage in MD?

By: Myles, June 10th, 2008

Effective June 1, 2008 Maryland Senate Bill 363 went into effect, basically eliminating all lenders from closing any Alt Doc loans (NINA, NO RATIO, STATED Loans) where income has not been documented to show the borrowers can afford the monthly payments.
Maryland is the fourth State (West Virginia, Minnesota, and Ohio) to pass this type of […]

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Posted in Real Estate Brokers, Fannie Mae, Bankers, Mortgages, Home Equity, Regulation | No Comments »

A Huge Underwriting Shift in the Wind for Fannie Mae

By: Myles, April 3rd, 2008

As reported in the Baltimore Business Journal today, Fannie Mae – the Washington, D.C.-based mortgage giant – is setting new rules about what mortgages it will buy.
These new underwriting guidelines will have a huge impact on the number of people who will get loans and the amount of business that flows through the real estate, banking, […]

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Posted in Real Estate Brokers, Subprime, Residential Real Estate, Fannie Mae, Attorneys, Bankers, Regulation, Home Equity, Mortgages, Market Trending | No Comments »