Higher payment rule eased

                   
baltimoresun.com     May 17, 2008            

Fannie to discontinue 'declining area' policy Fannie Mae, under pressure from homeowner and real estate groups, is doing away with higher minimum down payment requirements in parts of the country with declining home prices - a policy that had affected much of the Baltimore metro area. [read full story]                

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Fannie Mae Sets New Down Pymt Mortgage Policy

marketwatch.com     May 16, 2008          

Fannie Mae set a new national policy on down payment requirements for conventional, conforming mortgages the company will purchase or guarantee. The largest buyer of U.S. home loans said starting June 1, it will accept up to 97% loan-to-value ratios for conventional, conforming mortgages...                

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Fannie Mae Announces Single National Down Payment Policy; Replaces Policy Regarding Markets Where...

prnewswire.com     May 16, 2008          

Fannie Mae Announces Single National Down Payment Policy; Replaces Policy Regarding Markets Where Home Prices are Declining WASHINGTON, May 16 /PRNewswire-FirstCall/ -- "We are able to adopt this new, national down payment requirement, even in markets where home prices are declining, because our...                

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Fannie Mae relaxing loan downpayment requirements

earthtimes.org     May 16, 2008          

NEW YORK (Reuters) - Fannie Mae is lowering the amount of downpayments required on mortgages it purchases, replacing rules set in December that mandated higher downpayments in markets where home prices are falling, the largest source of U.S. home financing said on Friday..                

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Fannie Mae eases down payment rules

marketwatch.com     May 16, 2008          

WASHINGTON (MarketWatch) -- Fannie Mae said Friday it is easing rules on down payments on home mortgages, replacing a policy that required higher payments in markets where home prices are declining. Beginning June 1, Fannie will accept up to 97% loan-to-value ratios for conventional, conforming...                

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Fannie Mae scraps higher down-payment requirements

app.com     May 16, 2008          

THE ASSOCIATED PRESS • May 16, 2008 Fannie Mae says it is doing away with higher minimum down payment requirements for borrowers in distressed real estate markets. The government-sponsored mortgage financier said Friday it will require minimum down payments of between 3 percent and 5 percent for...                

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Fannie Mae relaxing loan down payment requirements

earthtimes.org     May 16, 2008          

NEW YORK (Reuters) - Starting on June 1, the new requirements of 3 percent or 5 percent, which replace rules set in December, will apply nationally to loans on single-family primary residences, it said. The rule change comes as many in the housing industry call for Fannie Mae , the second largest...                

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Fannie Mae relaxing loan down payment requirements

reuters.com     May 16, 2008          

NEW YORK (Reuters) - Fannie Mae, the nation's largest source of home financing, said on Friday it is lowering the amount of downpayments required on mortgages it purchases even in areas where home prices are falling. Starting June 1, the new requirements of 3 percent or 5 percent, which replace...                

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Fannie Mae relaxing loan down payment requirements (Reuters)

yahoo.com     May 16, 2008          

NEW YORK (Reuters) - Starting on June 1, the new requirements of 3 percent or 5 percent, which replace rules set in December, will apply nationally to loans on single-family primary residences, it said. The rule change comes as many in the housing industry call for Fannie Mae (FNM.N) and Freddie...                

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Fannie Mae eases down payment rules (at MarketWatch)

yahoo.com     May 16, 2008          

WASHINGTON (MarketWatch) -- Fannie Mae said Friday it is easing rules on down payments on home mortgages, replacing a policy that required higher payments in markets where home prices are declining. Beginning June 1, Fannie will accept up to 97% loan-to-value ratios for conventional, conforming...                

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[$$] Fannie Mae Drops Policy Over Down Payments (at The Wall Street Journal Online)

yahoo.com     May 16, 2008          

By James R. Hagerty and Kevin Kingsbury Word Count: 340 | Companies Featured in This Article: Fannie Mae, Freddie Mac Fannie Mae confirmed it is scrapping a policy that required higher down payments on home mortgages in areas where house prices are falling. The change comes in response to...                

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