Currently viewing the category: "Mortgage Guidelines"

Mortgage rates remain low but qualification standards do not. Last quarter’s banking survey shows that guidelines may be loosening, though. It’s another good sign for housing.

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Mortgage rates remain low but qualification standards do not. Last quarter’s banking survey shows that guidelines may be loosening, though. It’s another good sign for housing.

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All Fannie Mae applications taken on, or after, December 13, 2010, are subject to the changes.

Are home loan approvals getting easier or more difficult? Well, both.

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Fannie Mae rolls out new mortgage guidelines Monday. Therefore, if you’re in the process of applying for a conforming home loan, consider giving your complete application by the close of business Friday.

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Planning Your Home Loan Approval

On November 10, 2010 By

While mortgage rates are at their lowest levels in recorded history, qualification requirements are at their highest levels in recent history.

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For the period July-September 2010, 52 of 54 responding loan officers admitted to tightening their prime guidelines, or leaving them “basically unchanged”.

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Starting Monday, December 13, 2010, Fannie Mae is changing its mortgage lending guidelines.

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Starting Monday, December 13, 2010, Fannie Mae is changing its mortgage lending guidelines.

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In 2011, for the 6th consecutive year, the government is fixing $417,000 as the country’s conforming mortgage loan limit.

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In 2011, for the 6th consecutive year, the government is fixing $417,000 as the country’s conforming mortgage loan limit.

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