Fannie Mae
Orlando Real Estate - Fannie Mae nixes extra 5% down
Monday, May 26th, 2008Update
Fannie Mae nixes extra five percent down in “declining markets.” On May 16, the country’s largest secondary mortgage market company, Fannie Mae, announced that it will no longer require borrowers to put up an extra five percent down payment when purchasing homes in areas deemed “declining markets.” According to an NAR: “Fannie Mae had been […]