Conforming MortgagesSeptember 29, 2009
Fannie Mae To Get Tougher On Mortgage Insurance, Income Levels and Credit Scores
For the second time in 10 weeks, Fannie Mae is toughening its mortgage guidelines again. Again. According to an internal Fannie Mae document, a review of the group's current "risk appetite, eligibility requirements, mortgage insurance options, and pricing" spawned changes spanning credit scoring, income requirements, loan-level pricing adjustments.