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Recent Real Estate News

Borrowers: Beware the Second Credit Report, SmartMoney, 6/7/10

By: Lisa Scherzer, SmartMoney, June 7, 2010


Fannie Mae's new Loan Quality Initiative, which took effect June 1, is part of the mortgage giant's effort to improve loan quality and cut down on the kind of shoddy underwriting that helped crush the housing market, and ultimately make it unnecessary for there to be so many loan repurchases, says Janis Smith, a Fannie Mae spokeswoman.


Read more here: http://www.smartmoney.com/personal-finance/real-estate/borrowers-beware-the-second-credit-report/



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