Fannie Mae Prepares to Implement Subprime Mortgage Lending Guidance, Adjusts Pricing
September 6, 2007
Fannie Mae has begun adopting tougher underwriting standards for certain subprime loans and raised the fees it imposes for loans delivered in its inhouse subprime program, Expanded Approval.On Aug. 15, Fannie issued Lender Letter 03-07, which detailed its...