Well, as if we didn't have enough changes taking place at lightening speed, now one more change from Fannie Mae came down effective August 1, 2008. This time the issue swirls around new rules that will affect converting your principal residence to
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We don't normally like to turn our blog posts into long diatribes, but at the same time, there have been so many changes this past year in lender financing, as well as multiple changes at Fannie Mae/Freddie Mac and most recently with FHA, we felt
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Fannie Mae and Freddie Mac have announced that in order to compensate for the high delinquency credit losses on FNMA and Freddie MAC loans, certain loans that close after December 31, 2007, will be re-priced to reflect the new risk-based pricing. The
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