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Entries Tagged as 'credit guidelines'

Fannie Mae and Freddie Mac to Toughen Credit Guidelines

February 20th, 2009 · 3 Comments · Mortgages

While legislators are struggling to find ways to stimulate the economy and save the drowning housing market, the news that stricter credit requirements and higher fees are coming down the pipe couldn’t be timed worse.  Effective April 1, 2009,  Fannie Mae and Freddie Mac are increasing their mandatory fees and toughening their credit score and [...]

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