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

yahoo.com     May 16, 2008          

WASHINGTON, May 16 /PRNewswire-FirstCall/ -- The new national down payment policy will supersede the policy the company adopted in December 2007 that required higher down payments in markets where home prices are declining. "We are able to adopt this new, national down payment requirement, even...                    

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Fannie Drops Down-Payment Policy

wsj.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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Corrected: Fannie 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 scraps higher downpayment requirements

tmcnet.com     May 16, 2008          

WASHINGTON_Fannie Mae is doing away with higher minimum down-payment requirements for borrowers in parts of the country where home prices are dropping. The government-sponsored mortgage finance company said Friday it will require minimum down payments of between 3 percent and 5 percent for all...                    

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Fannie 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 cuts mortgage down payments

usatoday.com     May 16, 2008          

NEW YORK (Reuters) — Fannie Mae (FNM), the nation's largest source of home financing, said Friday it is lowering the amount of down payments required on mortgages it purchases, even in areas where home prices are falling. Starting June 1, the new requirements of 3% or 5% will apply nationally to...                    

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Paulson says U.S. economy is stabilizing

iht.com     May 16, 2008          

The U.S Treasury secretary, Henry Paulson Jr., delivered a guardedly optimistic message to business leaders on Friday, saying that the economy was moving toward a rebound after months of malaise. "We are still working through housing and capital markets issues, and expect to be doing so for some...                    

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Fannie 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 down payments required on mortgages it purchases in areas where home prices are falling. Starting on June 1, the new requirements of 3 percent or 5 percent, which replace...                    

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Fannie 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 creates down payment policy (at bizjournals.com)

yahoo.com     May 16, 2008          

Baltimore Business Journal - by , the largest buyer of U.S. home loans, will now require up to a 5 percent down payment for conventional, conforming mortgages it purchases or guarantees. The change takes effect June 1. The D.C.-based company will accept up to 97 percent loan-to-value ratios for...                    

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