Over the past month or so Fannie Mae and Freddie Mac have made a few announcements regarding maximum loan levels. For some odd reason I didn’t post these changes as they were announced. Perhaps I was distracted by other things going on. So, I want to share with you some of the major changes which [...]

In the coming months you will hear a lot about “declining markets”. This is because both Fannie Mae and Freddie Mac along with all major mortgage insurance providers have introduced strict rules regarding such markets.
Staring January 15, all loans going to Fannie Mae will be subject to the decling markets guideline:
“Current home price trends indicate [...]