Underwriting Changes, DTI, Minimum Indicator Score, Owns Home Buying Another, Refi Changes...

What they’ve done is make changes to just about every single aspect of their program including underwriting, eligibility, loan-to-values, fees…everything. Freddie has ALSO announced that they intend to make a bunch of changes effective 2-1-09, but so far it’s not official. Because everyone keeps hearing about them, included in this article is a Rule Synopsis with “Changes Pending, Not Official”. It really doesn’t matter much if something is official or not if your lenders are changing their rules, but I hate reading in all of the blogs when they don’t have their facts right.

(Freddie Mac Bulletin - October 17, 2008)

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