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Home » Store » News » Fannie Tightens Nontraditional Credit Standards

Fannie Tightens Nontraditional Credit Standards

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Fannie Mae recently adjusted its standards for borrowers with nontraditional credit scores. In some cases, mortgages with nontraditional credit scores will face increased pricing. The changes detailed in Announcement 09-12, issued this month, are effective for all whole loans purchased or mortgage-backed security pools with issue dates on or after Aug. 1, 2009...
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