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Home » Store » News » Fannie Mae Prepping New Subprime Loans Guidelines

Fannie Mae Prepping New Subprime Loans Guidelines

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Fannie Mae will soon be issuing new purchase guidelines for subprime mortgages – including those backing securities it buys. The guidelines are expected to be released within the next week and will likely reflect the changes that many subprime lenders have made to their business practices in recent years. Sources say, for instance, that Fannie Mae will announce a three-year limit on prepayment penalties and a seven-year limit
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