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Old 07-15-2007, 06:56 PM
moh malekpour moh malekpour is offline
 
Join Date: May 2002
Location: Southern California
State: California
Professional Status: Certified Residential Appraiser
Posts: 5,523
Default Fannie, Freddie Told to Tighten Lending

http://www.washingtonpost.com/wp-dyn...071301963.html

Quote:
The rules by the Office of Federal Housing Enterprise Oversight require the government-chartered companies to buy home loans from originators that underwrite mortgages at the fully indexed and amortizing rate. The guidance also discourages Fannie Mae and Freddie Mac from buying mortgages from lenders that require little documentation of a borrower's income and assets.
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