Declining Value Policy Withdrawn - Replaced by "National Down Payment Policy"

As everyone knows by now, the "withdrawal" of the declining market policy is a joke considering the MI companies are not about to withdraw their policies. But as of this writing, there is one MI company that will do 95% LTVs in declining areas for loans that are submitted under a Fannie or Freddie 97% program.

Declining Market Withdrawn, Reduced LTVs?
(Fannie Mae Announcement 08-10, May 16, 2008)

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