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Fannie Mae To Get Tougher On Mortgage Insurance, Income Levels and Credit Scores
Tue, 09/29/2009 - 12:30For 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.
