Fannie Mae Homepath Mortgage Loan Program will no longer be eligible for use by home buyers effective October 6, 2014. Fannie Mae designed the Homepath loan program to be used to purchase specifically targeted homes in their inventory of homes for sale. The Homepath loan is a special loan program that allows a home to…
Fannie Mae New Rules for Delaware Home Buyers Effective January 2014 Fannie Mae released an update to its Selling Guide SEL-2013-06 which will be effective January 10, 2014 with the update to automated underwriting system DU version 9.1. The update makes the following changes to conventional mortgage loans sold to Fannie Mae: No longer accept…
Fannie Mae makes it tougher for First Time Home Buyers in Delaware Fannie Mae made significant changes to its Desktop Underwriting (DU) for My Community programs. The guidelines have changed to make it harder for first time home buyers to qualify for a mortgage to purchase a home with little to no money down. The…
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