FNMA (Fannie Mae) New Guidelines

by July 2, 2008 100% financing

I wanted to give you a heads up on some info that I learned today. FNMA (Fannie Mae) will be rolling out new guidelines effective for applications dated 8/1/08 and after. Some lenders, such as CountryWIde, are implementing this effective 7/1/08 but most are waiting until August.

Here’s part of the new ruling that will effect …

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